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*** LAUNCHED: Carrier Global...............>

PIPELINE: *** LAUNCHED: Carrier Global multi-tranche jumbo (as well as Bnk of NZ
and Carlisle). Carrier Global not as large as estimates ($15B) but still largest
for year so far. Practical effect on market, less than expected had specs
running to cover hedges, adding to post 30Y auction gap bid, while Tsy futures
paring gains now. Also note, swap spds have narrowed across the curve on supply.
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #
02/13 $9.25B #Carrier Global 6-tranche breakdown: 
----  $500M 3Y +50, $2B 5Y +80, $1.25B 7Y +95, $2B 10Y +110, $1.5B 20Y +130, $2B
30Y +150
02/13 $750M #Bank of New Zealand 5Y +68
02/13 $750M #Carlisle 10Y +128
02/13 $Benchmark Export Development Canada 3Y +7a
02/13 $400M Amphenol WNG 5Y +70

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