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Date $MM...................................>

PIPELINE
PIPELINE: Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
09/10 $2B KFW 10Y +21
09/10 $Benchmark Sumitomo Mitsui Financial Grp (SMFG) 10Y +165a
09/10 $Benchmark Oesterreichische Kontrollbank AG (OKB) 3Y +14
09/10 $Benchmark Lloyds 3.5NC2.5 fix/FRN +135
09/10 $Benchmark IADB 3Y SOFR +26a
09/11 $Benchmark African Development Bank (AFDB) 3Y +13
$9.1B Priced Monday
09/09 $1.85B *BB&T $1.1B 3.5Y +70, $750M 10NC5 +115
09/09 $1.6B *Mizuho $500M 4NC3 L+85, $600M 6NC5 +105, $500M 11NC10 +122
09/09 $1.25B *John Deere Capital $400M 3Y fix +48, $400M 3Y FRN LIBOR L+49,
$450M 7Y +73
09/09 $1.1B *Air Lease Corp $600M 3Y +95, $500M 10Y +175; Sub $1B:
$750M *Discover Bank 5Y +98; $700M *Fortune Brands 10Y +160; $700M *ONCOR
Electric WNG 30Y +105; $400M *Baltimore Gas & Electric WNG 30Y +120; $400M
*Principal Life Global Fndng 10Y +95; $350M *AEP Transmission WNG 30Y +110

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