| Under | |||||||||||||||||
| Princ. | Gross | Sell- | Writ- | ||||||||||||||
| Amt. | Security | Offer | BP | Sprd. | Con. | ing | Mgmt. | ||||||||||
| Date | Issuer | ($ Mils) | Cpn. | Type | Maturity | Price | Yield | Sprd. | M | S&P | F | Manager | Fee % | Fee % | Fee % | Fee % | |
| 2/24/05 | American Express Co | 150 | Floats | Flt Rate Bk Nts | 2/28/06 | 100 | Floats | Aa3 | A+ | NR | JPM | na | - | - | - | ||
| 2/24/05 | Anixter International Inc | 200 | 5.95 | Notes | 3/1/15 | 99.78 | 5.979 | 170 | Ba1 | BB+ | BBB- | BA-SEC-LLC WACHOVIA-SEC MERRILL | 0.85 | 0.5 | Comb. | Comb. | |
| 2/24/05 | BAC Capital Trust VI | 1,000.00 | 5.63 | Capital Secs | 3/8/35 | 100 | 5.625 | 101 | Aa3 | A | AA- | BA-SEC-LLC | 1 | 0.6 | Comb. | Comb. | |
| n | 2/24/05 | CC(USA) Inc(Centauri Corp) | 100 | Floats | Mdm-Trm Fl Nts | 9/1/06 | 100 | Floats | Aaa | AAA | NR | DEUTSCHE-BK-SEC | na | - | - | ||
| 2/24/05 | CIT Group Inc | 50 | Floats | Global FRNs | 3/15/17 | 100 | Floats | A2 | A | NR | WACHOVIA-SEC | 1.75 | - | Comb. | Comb. | ||
| n | 2/24/05 | Liberty Lighthouse Capital | 100 | 3.44 | Medium-Term Nts | 3/1/06 | 100 | 3.44 | Aaa | AAA | NR | MERRILL | na | - | |||
| 2/24/05 | Liberty Ppty Ltd(Liberty Ppty) | 300 | 5.13 | Senior Notes | 3/2/15 | 99.63 | 5.173 | 90 | Baa2 | BBB | BBB | CITIGROUP UBS-INV-BANK | 0.65 | 0.4 | Comb. | Comb. | |
| n | 2/24/05 | Meritage Homes Corp | 350 | 6.25 | Senior Notes | 3/1/15 | 99.5 | 6.318 | 204 | Ba3 | BB- | NR | UBS-INV-BANK CITIGROUP JPM | na | - | - | - |
| n | 2/24/05 | Penn National Gaming Inc | 250 | 6.75 | Senior Notes | 3/1/15 | 100 | 6.75 | 251 | B3 | B | NR | DEUTSCHE-BK-SEC | na | - | - | - |
| n | 2/24/05 | Sigma Finance Corp | 100 | Floats | Mdm-Trm Fl Nts | 3/2/06 | 100 | Floats | Aaa | AAA | NR | MERRILL | na | - | - | - | |
| n | 2/24/05 | Whistlejacket Capital Ltd | 51 | Floats | Mdm-Trm Fl Nts | 3/3/06 | 99.97 | Floats | Aaa | AAA | NR | MORGAN-STANLEY | na | - | - | - | |
| 2/25/05 | Goldman Sachs Group Inc | 700 | Floats | Mdm-Trm Fl Nts | 3/2/10 | 100 | Floats | Aa3 | A+ | AA- | GS | na | - | - | - | ||
| n | 2/25/05 | MBIA Global Funding LLC | 100 | 4.38 | Medium-Term Nts | 3/15/10 | 99.99 | 4.376 | 48 | NR | NR | NR | MORGAN-STANLEY | na | - | - | - |
| 2/25/05 | National City Bank,Cleveland | 100 | Floats | Flt Rte CDs | 3/2/07 | 100 | Floats | Aa3 | A+ | NR | BA-SEC-LLC | na | - | - | - | ||
| 2/25/05 | National City Bank,Indiana | 600 | Floats | Flt Rate Bk Nts | 9/1/06 | 100 | Floats | Aa3 | A+ | AA- | BA-SEC-LLC | na | - | - | - | ||
| 2/25/05 | Toyota Motor Credit Corp | 40 | Floats | Mdm-Trm Fl Nts | 9/15/06 | 100 | Floats | Aaa | AAA | NR | HSBC-SECURITIES | na | - | - | - | ||
| n | 2/28/05 | Delek Corp | 100 | Floats | Sr Secured Nts | 8/1/13 | 100 | Floats | Baa3 | BBB- | NR | CS-FB-CS | na | - | - | - | |
| n | 2/28/05 | Delek Corp | 175 | 5.33 | Sr Secured Nts | 8/1/13 | 100 | 5.326 | 106 | Baa3 | BBB- | NR | CS-FB-CS | na | - | - | - |
| n | 2/28/05 | K2 (USA) LLC | 150 | Floats | Mdm-Trm Fl Nts | 3/9/07 | 100 | Floats | Aaa | AAA | AAA | LEH | na | - | - | - | |
| n | 2/28/05 | Rural/Metro Corp | 93.5 | 12.8 | Sr Discount Nts | 3/15/16 | 53.7 | 25.43 | 2115 | Caa1 | CCC+ | NR | CITIGROUP | na | - | - | - |
| n | 2/28/05 | Rural/Metro Corp | 125 | 9.88 | Sr Sub Notes | 3/1/15 | 100 | 9.875 | 561 | Caa1 | CCC+ | NR | CITIGROUP | na | - | - | - |
| 2/28/05 | Textron Financial Corp | 400 | 4.13 | Medium-Term Nts | 3/3/08 | 99.87 | 4.173 | 45 | A3 | A- | A- | UBS-INV-BANK BARCLAYS-CAP | |||||
| MERRILL CS-FB-CS | na | - | - | - | |||||||||||||
| 2/28/05 | Toyota Motor Credit Corp | 210 | Floats | Mdm-Trm Fl Nts | 9/15/06 | 100 | Floats | Aaa | AAA | NR | BNP-PARIBAS | na | - | - | - | ||
| 3/1/05 | Caterpillar Finl Svcs Corp | 250 | 4.35 | Medium-Term Nts | 3/4/09 | 99.92 | 4.372 | 47 | A2 | A | NR | CITIGROUP JPM | na | - | - | - | |
| 3/1/05 | Danske Bank A/S | 923 | Floats | Fix/Flt Sub Bnd | 3/16/18 | 99.84 | Floats | Aa2 | A | NR | GS JPM DEN-DANSKE-AKT | na | - | - | - | ||
| 3/1/05 | General Electric Capital Corp | 1,000.00 | 4.13 | Notes | 3/4/08 | 99.86 | 4.176 | 43 | Aaa | AAA | NR | LEH GS MORGAN-STANLEY | na | - | - | - | |
| 3/1/05 | General Electric Capital Corp | 1,000.00 | 4.88 | Notes | 3/4/15 | 99.56 | 4.931 | 55 | Aaa | AAA | NR | LEH GS MORGAN-STANLEY | na | - | - | - | |
| 3/1/05 | General Electric Capital Corp | 2,000.00 | Floats | Notes | 3/4/08 | 100 | Floats | Aaa | AAA | NR | GS LEH MORGAN-STANLEY | na | - | - | - | ||
| 3/1/05 | MBIA Inc | 72 | Floats | Float Rate Nts | 3/9/10 | 100 | Floats | Aa2 | AA | AA | LEH | na | - | - | - | ||
| 3/1/05 | National City Bank,Cleveland | 500 | 4.5 | Senior Bank Nts | 3/15/10 | 100 | 4.5 | 50 | Aa3 | A+ | NR | CITIGROUP | na | - | - | - | |
| n | 3/1/05 | Nissan Motor Acceptance Corp | 750 | 4.63 | Notes | 3/8/10 | 99.84 | 4.662 | 65 | Baa1 | BBB+ | NR | CITIGROUP DEUTSCHE-BK-SEC | na | - | - | - |
| 3/1/05 | Ryder System Inc | 225 | 4.63 | Notes | 3/1/10 | 99.86 | 4.657 | 65 | Baa1 | BBB | BBB+ | CITIGROUP WACHOVIA-SEC | na | - | - | - | |
| 3/1/05 | SCANA Corp | 100 | Floats | Float Rate Nts | 3/1/08 | 100 | Floats | A3 | BBB+ | A- | BA-SEC-LLC WACHOVIA-SEC UBS-INV-BANK | na | - | - | - | ||
| 3/1/05 | South Carolina Elec & Gas Co | 100 | 5.25 | Fst Mtg Bonds | 3/1/35 | 98.18 | 5.373 | 65 | A1 | A+ | A | BA-SEC-LLC WACHOVIA-SEC UBS-INV-BANK | 0.875 | 0.5 | Comb. | Comb. | |
| n | 3/2/05 | American Honda Finance | 50 | Floats | Mdm-Trm Fl Nts | 3/7/06 | 100 | Floats | A1 | A+ | NR | GS | na | - | - | - | |
| 3/2/05 | AvalonBay Communities Inc | 100 | 4.95 | Medium-Term Nts | 3/15/15 | 99.68 | 4.991 | 72 | Baa1 | BBB+ | NR | MORGAN-STANLEY DEUTSCHE-BK-SEC | na | - | - | - | |
| n | 3/2/05 | CC(USA) Inc(Centauri Corp) | 50 | 3.5 | Medium-Term Nts | 3/10/06 | 100 | 3.5 | -8 | Aaa | AAA | NR | GS | na | - | - | - |
| n | 3/2/05 | Colorado Interstate Gas Co | 200 | 5.95 | Senior Notes | 3/15/15 | 100 | 5.95 | 158 | B1 | B- | NR | CITIGROUP CS-FB-CS | na | - | - | - |
| 3/2/05 | John Deere Capital(Deere & Co) | 300 | 3.88 | Notes | 3/7/07 | 99.84 | 3.959 | 40 | A3 | A- | A | BA-SEC-LLC MERRILL | na | - | - | - | |
| n | 3/2/05 | Dorada Finance Inc | 200 | 3.5 | Medium-Term Nts | 3/10/06 | 100 | 3.5 | -8 | Aaa | AAA | NR | GS | na | - | - | - |
| n | 3/2/05 | Liberty Lighthouse Capital | 100 | Floats | Mdm-Trm Fl Nts | 3/15/06 | 100 | Floats | Aaa | AAA | NR | LEH | na | - | - | - | |
| 3/2/05 | Marshall & Ilsley Corp | 250 | 4.4 | Notes | 3/15/10 | 99.72 | 4.462 | 47 | Aa3 | A+ | NR | JPM | na | - | - | - | |
| n | 3/2/05 | Range Resources Corp | 150 | 6.38 | Notes | 3/15/15 | 100 | 6.375 | 200 | B3 | B | NR | JPM | na | - | - | - |
| 3/2/05 | Toyota Motor Credit Corp | 1,000.00 | 4.25 | Global Notes | 3/15/10 | 100 | 4.25 | 37 | Aaa | AAA | NR | CITIGROUP JPM MORGAN-STANLEY | na | - | - | - | |
| 3/2/05 | UnitedHealth Group Inc | 500 | 4.88 | Notes | 3/15/15 | 98.77 | 5.033 | 66 | A3 | A | AA- | CITIGROUP JPM MORGAN-STANLEY | 0.65 | - | Comb. | Comb. | |
| 3/2/05 | Wells Fargo & Co,California | 2,650.00 | Floats | Global FRNs | 3/10/08 | 100 | Floats | Aa1 | AA- | AA | LEH JPM | na | - | - | - | ||
| 3/2/05 | Wells Fargo & Co,California | 1,100.00 | 4.13 | Global Notes | 3/10/08 | 99.91 | 4.157 | 43 | Aa1 | AA- | AA | LEH JPM | na | - | - | - | |
| 3/2/05 | Wells Fargo & Co,California | 1,250.00 | Floats | Global FRNs | 3/10/08 | 100 | Floats | Aa1 | AA- | AA | LEH JPM | na | - | - | - | ||
| 3/2/05 | DaimlerChrysler AG | 250 | 4.13 | Notes | 3/7/07 | 99.91 | 4.175 | 62 | A3 | BBB | BBB+ | ABN-AMRO-INC BARCLAYS-CAP CITIGROUP | na | - | - | - | |
| 3/2/05 | DaimlerChrysler AG | 1,250.00 | Floats | Notes | 3/7/07 | 100 | Floats | A3 | BBB | BBB+ | ABN-AMRO-INC BARCLAYS-CAP CITIGROUP | na | - | - | - | ||
| Source: Thomson Financial/Securities Data. For more information, call Rich Peterson at (212) 806-3144. | |||||||||||||||||
| BP SPRD. - basis point spread over Treasuries; FLT. SPRD. - basis point spread over floating index; Comb. - fee is combined; NR - not rated; Na - not available; n 144A | |||||||||||||||||
| // Manager responsible for running the books; Contains offerings of $2 million or more and includes only the portion of global deals distributed in the U.S.; | |||||||||||||||||
| * More managers, but not listed; JB - joint books; † estimated price. |
Financing Record (FEBRUARY 24 -- MARCH 1)
