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Starting to launch, $1.25B Caterpillar,....>

PIPELINE
PIPELINE: Starting to launch, $1.25B Caterpillar, Upsized $450M Duke Realty
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
09/04 $1.25B #Caterpillar $800M 3Y fix +45, $450M 3Y FRN L+28
09/04 $450M (upsized from $350M) #Duke Realty Ltd 10Y +123 
09/04 $3B EIB 3Y WNG MS+1a
09/04 $Benchmark MUFG 5Y fix/FRN, 10Y +105a  
09/04 $Benchmark Pfizer 7-part: 3- & 5Y fix/FRN, 10Y +80a, 20Y +105a, 30Y +120a
09/04 $Benchmark Unilever capital 3Y +45a, 5Y +65a, 10Y +75a
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Massive jump in issuance for wk, >$50B est (>$120B for month) w/Cigna planning
over $22B jumbo issuance to help finance acquisition of Express Scripts.
Potential additions to pipeline in coming weeks: 
* Bank of China (Hong Kong) Ltd.
* Home Depot
* Cigna multi-tranche

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