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Glencore coming to US high-grade........>

US PIPELINE
US PIPELINE: Glencore coming to US high-grade corporate bond market today with
5Y, 10Y notes:
-
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/26 $2B    China to do $2B deal Oct26: RegS $1B 5Y, $1B 10Y in HKG
- Leads/book mgrs: BOC/BOCOM/ABC/CCB/CICC/C/DB/HSBC/ICBC/STAND
- China last sold US$ debt in 2004:$1.7B $/EUR 5Y,7Y; new US$ bd to trade on
HKSE 
- S&P downgraded China rating by one step Sep 21 to A+, stable outlook
10/20 $1.0B  Glencore Baa2/BBB $500M each in 5Y(130s; 10Y+180s; BARC/C/DB/SG
10/20 $1.0B  Canada Pensn Pln Invstmt Board Aaa/AA 144a/Regs 10Y BAML/BNP/DB/TD
10/20 TBD    Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS
10/20 TBD    Philippines Baa2/BBB/BBB- US meetings Oct 6-13 C/DB/MS/SCB
10/20 TBD    Quatar eyed $9B in international bonds; no time set yet

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