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*** Exxon and Pepsi jumbos comprised.......>

PIPELINE
PIPELINE: *** Exxon and Pepsi jumbos comprised more than half Tue's whopping
$26.84B issuance; GS snuck in late w/$2.5B 10Y, BoA priced late. Issuers back on
sidelines as mkt stress continues.
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #
03/17 $8.5 *Exxon Mobil Corp $1.5B 5Y +225, $1B 7Y +230, $2B 10Y +240, $1.25B
20Y +250, $2.75B 30Y +260
03/17 $6.5B *PepsiCo $1.5B 5Y +160, $500M 7Y +180, $1.5B 10Y +180, $750M 20Y
+190, $1.5B 30Y +200, $750M 40Y +230
03/17 $3.5B *Verizon $750M 7Y +215, $1.5B 10Y +225, $1.25B 30Y +250
03/17 $3B *Bank of America 31NC30 fix/FRN +260
03/17 $2.5B *Goldman Sachs 10Y +300
03/17 $1B *Progressive $500M 10Y +225, $00M 30Y +245 
03/17 $800M *Oncor Electric Delivery $400M each 10Y +175, 30Y +205
03/17 $465M *Union Electric WNG 10Y +220
03/17 $575M *Consumers Energy 31Y +200 *upsized

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