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Province of Ontario launched, Morgan.......>

PIPELINE
PIPELINE: Province of Ontario launched, Morgan Stanley joins growing list of
large financial names looking to secure funding
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
01/16 $3B #Province of Ontario 3Y +15
01/16 $1.25B EAA (Erste Abwicklungsanstalt) 3Y +10
01/16 $1B Credit Suisse WNG PerpNC10 5.75%
01/16 $Benchmark Morgan Stanley 3NC2, 11NC10
01/16 $Benchmark Blackrock 10Y +80a
01/16 $Benchmark USB 2Y, 2Y FRN, 5Y
01/16 $Benchmark PNC Financial 10Y +95a
01/16 $Benchmark Societe Generale 5Y +125a, 10Y +145a

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