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Still waiting for IBM launch Date $MM......>

PIPELINE
PIPELINE: Still waiting for IBM launch
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
05/08 $Benchmark IBM 8-part (est. $20-25B):
----  2Y +65a, 2Y FRN L+/-, 5Y +90a, 7Y +105a, 10Y +115a, 20Y +140a, 30Y +155a
05/08 $1.5B #MGM China $750M 5NC2, $750M 7NC3
05/08 $600M #Reinsurance Group 10Y +145
05/08 $400M #USAA Capital Corp WNG 2Y +37.5
05/08 $500M Bell Canada 30Y +145a
05/08 $350M AvalonBay 10Y +100a
05/08 $Benchmark Asia Infrastructure Inv Bank (AIIB) 5Y +8a
05/08 $3B *EIB 5Y +6

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