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Northwest Mutual Life and Alabama Power....>

PIPELINE
PIPELINE: Northwest Mutual Life and Alabama Power both upsized to $600M
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
09/12 $7.5B #Pemex, $1.25B +7Y 6.5%, $3.25B +10Y 6.85%, $3B +30Y 7.7%
09/12 $600M #Northwest Mutual Life 40Y +140
09/12 $600M #Alabama Power 30Y +120
09/12 $500M Host Hotels 10Y +180a
Canadian issuance
09/12 C$500M World Bank 5Y tap +3a, 10Y +15a
09/12 C$500M PSP Capital 5YTap +39a

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