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Pick-up in midweek supply Date $MM.........>

PIPELINE
PIPELINE: Pick-up in midweek supply
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
05/23 $Benchmark Santander UK PLC, 3Y fix/FRN
05/23 $600M Equifax 3Y fix/FRN +120a. 5Y +150a
05/23 $500M Tokyo Metropolitan Govt WNG 5Y +45a
05/23 $Benchmark Vodaphone Grp 6-tranche planned
      long 5Y fix +135a, long 5Y FRN, 7Y +160a, 10Y +175a, 20Y +220a, 30Y +235a
05/23 $Benchmark Export-Import Bank of Korea 3Y FRN +80a, 5Y FRN +100a
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$2.3B priced Tuesday
05/22 $1B *US Bank NA $500M 3NC2 fix/FRN +60, $500M 3NC2 FRN +29
05/22 $1.3B *Spirit Aero 3-part, $300M WNC 3NC1 FRN +80, 5Y +105, 10Y +155

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