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Looks like IBM to launch shortly,..........>

PIPELINE
PIPELINE: Looks like IBM to launch shortly, details updated
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
05/08 $Benchmark IBM 8-part (est. $20-25B):
----  2Y +50, 2Y FRN L+/-, 3Y +60, 5Y +80, 17Y +95, 10Y +105, 20Y +130, 30Y +145
05/08 $600M #Reinsurance Group 10Y +145
05/08 $400M #USAA Capital Corp WNG 2Y +37.5
05/08 $450M #AvalonBay 10Y +82 Upsized from $350M
05/08 $600M #Bell Canada 30Y +142, upsized from $500M
05/08 $Benchmark Asia Infrastructure Inv Bank (AIIB) 5Y +8a
05/08 $3B *EIB 5Y +6
05/08 $1.5B *MGM China $750M 5NC2, $750M 7NC3

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