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Updated guidance, should start seeing......>

PIPELINE
PIPELINE: Updated guidance, should start seeing issuers launch soon
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #
05/26 $1B Microchip 3Y +250
05/26 $500M Kellogg WNG 10Y +145
05/26 $400M Interstate Power & Light WNG 10Y +205a
05/26 $Benchmark Applied Materials 10Y +115, 30Y +140
05/26 $Benchmark Stryker 5Y +115a, 10Y +155a, 30Y +180a
05/26 $Benchmark Total Capital Int 30Y +175
05/26 $Benchmark Wells Fargo 4NC3, 8NC7
05/26 $Benchmark Citigroup 11NC10 +215a
05/26 $Benchmark Swedbank 3Y +115a
05/26 $Benchmark BNG 10Y +43a

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