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Thursday's US$ high-grade corporate.....>

US PIPELINE
US PIPELINE: Thursday's US$ high-grade corporate bond issuance wraps up with
$4.5B priced and separately, a $2.0B Fannie Mae agency benchmark 5-year note:
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Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/5 $1.5B *PepsiCo. A1/A+       1Y FRN 3ml flat     BAML/BNP/C/GS
10/5 $1.0B *PepsiCo. A1/A+       3.5Y Fxd T+38       BAML/BNP/C/GS
10/5 $1.5B *PepsiCo. A1/A+       10Y T+68            BAML/BNP/C/GS 
10/5 $500M *BCICI A1/A           10Y +130            C/HSBC/STAND
10/5 TBD    Repub. of Philippines US meetings Oct 6-13 C/DB/MS/SCB
10/5 $2.0B *Fannie Mae priced benchmark 5Y note T+8 GS/NOM/TD
10/5 BM     Intercorp Fincl Srvs Oct 5-11 meetings BAML/INTER/JPM
10/9 $2.0B? China had Sept? plan US$ sovereign bonds; to pick leads soon
- China last sold US$ debt in 2004, a $1.7B US$/EUR 5Y, 7Y debt deal
- S&P downgraded China 1 notch Sep 21 to A+, stable outlook
10/9 TBD  Kia Mtrs Baa2/A-/BBB+ 144a/RegS rdshw Oct9 BNP/BAML/C/CAC/HSBC/NOM
10/11 TBD Wabash National 8Y/NC3 US rdshow Sept 11-14 in US  MS/WFS

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