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Updates on high-grade corporate.........>

US PIPELINE
US PIPELINE: Updates on high-grade corporate bonds:
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Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/18 BM     UnitedHealth Grp A3/A+/A- 18M FRN;3Y/FRN BARC/C/MIZ/USB/WFS
10/18 BM     UnitedHealth Grp " " 5Y, 10Y, 30Y        BARC/C/MIZ/USB/WFS
10/18 $2.0B #Royal Bank of Canada A1/AA-/AA 3Y+47         C/DB/RBC
10/18 $500M #Royal Bank of Canada A1/AA-/AA 3Y FRN 3ml+24 C/DB/RBC
10/18 $2.5B #Rep.of Ecuador B-/B 144a/RegS 10Y 8.875%-9.125% CS/DB/JPM
10/18 TBD    Philippines Baa2/BBB/BBB- US meetings Oct 6-13 C/DB/MS/SCB
10/18 TBD    Quatar eyed $9B in international bonds; no time set yet
10/26 $2B    China: MOF: China $2B deal Oct26? $1B 5Y, $1B 10Y in HKG
- Such US$ bonds to trade on HKSE 
- China last sold US$ debt in 2004: $1.7B US$/EUR 5Y, 7Y deal
- S&P downgraded China rating by one step Sep 21 to A+, stable outlook
10/18 TBD Kia Mtrs Baa2/A-/BBB+ 144a/RgS rdshw Oct9 BNP/BAML/C/CA/HSBC/NOM
10/19 TBD Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS

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