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High-grade US$ corporate bond...........>

US PIPELINE
US PIPELINE: High-grade US$ corporate bond issuance heats up quickly, with Citi,
Honeywell, P&G, Amex and BB&T all doing benchmark bond issuance today. Friday
had a light $1.0B in high-grade issuance, which brought issuance total to a
moderate $20.85B:
-
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/23 BM     Citi Baa1/BBB+/A 5Y+90s; 5Y FRN L-Eqv    C 
10/23 BM     Citi Baa1/BBB+/A 11Y/NC10+120s High      C
10/23 BM     Honeywell Intl A2/A/A RegS/Sr Unsec 2Y/FRN BAML/BARC/C/GS 
10/23 BM     Procter & Gamble Aa3/AA- 2Y, 3Y, 30Y  DB/HSBC/MS 
10/23 BM     American Express 3Y fixed/FRN; 7Y BARC/DB/RBC/WFS
10/23 BM     BB&T A2/A-/A+ Long 3y Fixed/FRN; 7Y BB&T/GS/MS/UBS (More, next
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