| Debt Issuance since 2/26 | ||||||||||||||
| Rule 144A Private Place- ment | Issue Date | Issuer | Principal Amount ($ mil) | Coupon (%) | Type of Security | Maturity | Offer Price | Offer Yield to Maturity (%) | Spread to Bench- Mark | Moody Rating | Stan- dard & Poor's Rating | Fitch Rating | Bookrunner(s) | Gross Spread as % of Prncpl Amt - in this Mkt |
| 2/26/04 | American Express Centurion Bk | 350 | Floats | FR MT Bank Nts | 9/1/05 | 100 | Floats | Aa3 | A+ | A+ | CITIGROUP | na | ||
| 2/26/04 | American Express Centurion Bk | 150 | Floats | FR MT Bank Nts | 9/1/05 | 100 | Floats | Aa3 | A+ | A+ | BARCLAYS-CAP | na | ||
| Yes | 2/26/04 | El Cajon Hydroelctric Plant Co | 230 | 6.5 | Notes | 5/27/08 | 100 | 6.5 | 350 | Baa3 | BBB- | NR | CITIGROUP WEST-LB | na |
| Yes | 2/26/04 | Fedders Corp | 160 | 9.875 | Sr Sub Notes | 3/1/14 | 96.932 | 10.376 | 634 | Caa1 | CCC+ | NR | CS-FB-CS | na |
| Yes | 2/26/04 | Hovnanian Enterprises Inc | 150 | 6.5 | Senior Notes | 12/15/14 | 99.057 | 6.624 | 245 | Ba2 | BB | NR | CS-FB-CS CITIGROUP UBS-INV-BANK WACHOVIA-SEC | na |
| Yes | 2/26/04 | InSight Health Services Corp | 25 | 9.875 | Sr Sub Notes | 11/1/11 | 101 | 9.687 | 558 | B3 | B- | NR | BA-SEC-LLC | na |
| Yes | 2/27/04 | Ainsworth Lumber Co Ltd | 210 | 6.75 | Senior Notes | 3/15/14 | 100 | 6.75 | 272 | B1 | B+ | NR | GS | na |
| 2/27/04 | Caterpillar Financial Services | 75 | Floats | Mdm-Trm Fl Nts | 2/26/07 | 100 | Floats | A2 | A | A+ | BARCLAYS | na | ||
| 2/27/04 | Caterpillar Financial Services | 75 | Floats | Mdm-Trm Fl Nts | 2/26/07 | 100 | Floats | A2 | A | A+ | CITIGROUP | na | ||
| 2/27/04 | Caterpillar Financial Services | 75 | Floats | Mdm-Trm Fl Nts | 2/26/07 | 100 | Floats | A2 | A | A+ | JPM | na | ||
| Yes | 2/27/04 | Links Finance Corporation | 50 | Floats | Mdm-Trm Fl Nts | 9/15/05 | 100 | Floats | Aaa | AAA | NR | CS-FB-CS | na | |
| Yes | 2/27/04 | Links Finance Corporation | 100 | Floats | Mdm-Trm Fl Nts | 4/3/06 | 100 | Floats | Aaa | AAA | NR | CS-FB-CS | na | |
| Yes | 2/27/04 | Nebraska Book Co | 175 | 8.625 | Sr Sub Notes | 3/15/12 | 100 | 8.625 | 491 | Caa1 | CCC+ | NR | JPM CITIGROUP | na |
| Yes | 2/27/04 | Nebraska Book Co | 77 | Zero | Sr Discount Nts | 3/15/13 | 64.947 | 11 | 716 | Caa2 | CCC+ | NR | JPM CITIGROUP | na |
| Yes | 2/27/04 | Pinnacle Entertainment Group | 200 | 8.25 | Sr Sub Notes | 3/15/12 | 99.282 | 8.375 | 467 | Caa1 | CCC+ | NR | BEAR LEH | na |
| Yes | 2/27/04 | Readers Digest Association Inc | 300 | 6.5 | Senior Notes | 3/1/11 | 100 | 6.5 | 353 | Ba3 | BB- | NR | JPM | na |
| Yes | 2/27/04 | Sigma Finance Inc | 100 | Floats | Mdm-Trm Fl Nts | 3/2/05 | 100 | Floats | Aaa | AAA | NR | MERRILL | na | |
| Yes | 2/27/04 | SYSCO Corp | 200 | 4.6 | Notes | 3/15/14 | 99.943 | 4.607 | 60 | A1 | A+ | NR | GS | na |
| Yes | 3/1/04 | Phelps Dodge Corp | 150 | 6.125 | Senior Notes | 3/15/34 | 99.874 | 6.134 | 127 | Baa3 | BBB- | BBB- | CITIGROUP | na |
| Yes | 3/1/04 | Station Casinos Inc | 50 | 6.5 | Sr Sub Notes | 2/1/15 | 100.5 | 6.436 | 243 | B1 | B+ | NR | BA-SEC-LLC | na |
| 3/2/04 | Caterpillar Financial Services | 150 | Floats | Mdm-Trm Fl Nts | 3/3/06 | 100 | Floats | A2 | A | NR | BARCLAYS-CAP | na | ||
| 3/2/04 | Credit Agricole Indosuez | 100 | Floats | Mdm-Trm Fl Nts | 3/4/05 | 100 | Floats | Aaa | AAA | NR | MORGAN-STANLEY | na | ||
| 3/2/04 | JP Morgan Chase & Co | 600 | 4.875 | Sub Notes | 3/15/14 | 99.787 | 4.902 | 85 | A2 | A | NR | JPM | na | |
| 3/2/04 | JP Morgan Chase & Co | 1,000.00 | 3.5 | Senior Notes | 3/15/09 | 99.404 | 3.631 | 60 | A1 | A+ | NR | JPM | na | |
| Yes | 3/2/04 | K2 (USA) LLC | 100 | Floats | Mdm-Trm Fl Nts | 3/10/05 | 100 | Floats | Aaa | AAA | NR | GS | na | |
| 3/2/04 | L-Bank BW Foederbank | 400 | Floats | Mdm-Trm Fl Nts | 3/4/05 | 100 | Floats | Aaa | AAA | NR | MORGAN-STANLEY | na | ||
| Yes | 3/2/04 | Sigma Finance Inc | 300 | Floats | Mdm-Trm Fl Nts | 9/12/05 | 100 | Floats | Aaa | AAA | NR | LEH | na | |
| 3/2/04 | US Bank NA,Minneapolis,MN | 200 | 3.4 | Notes | 3/1/09 | 99.65 | 3.477 | 45 | Aa2 | AA- | NR | UBS-INV-BANK | na | |
| 3/2/04 | Waste Management Inc | 350 | 5 | Notes | 3/15/14 | 99.624 | 5.048 | 100 | Baa3 | BBB | BBB | BARCLAYS-CAP DEUTSCHE-BK-SEC JPM | na | |
| Yes | 3/3/04 | Airgas Inc | 150 | 6.25 | Sr Sub Notes | 3/15/14 | 100 | 6.25 | 216 | Ba2 | B+ | NR | BA-SEC-LLC GS | na |
| Yes | 3/3/04 | Beta Finance Inc(Beta Finance) | 180 | Floats | Mdm-Trm Fl Nts | 9/15/05 | 100 | Floats | Aaa | AAA | NR | LEH | na | |
| Yes | 3/3/04 | RR Donnelley & Sons Co | 400 | 3.75 | Notes | 4/1/09 | 99.852 | 3.782 | 73 | Baa2 | A- | NR | CITIGROUP JPM | na |
| Yes | 3/3/04 | RR Donnelley & Sons Co | 600 | 4.95 | Notes | 4/1/14 | 99.605 | 5 | 95 | Baa2 | A- | NR | CITIGROUP JPM | na |
| 3/3/04 | HCA Inc | 500 | 5.75 | Notes | 3/15/14 | 99.54 | 5.811 | 173 | Ba1 | BBB- | BBB- | BA-SEC-LLC CITIGROUP | na | |
| 3/3/04 | Jefferies Group Inc | 300 | 5.5 | Senior Notes | 3/15/16 | 99.374 | 5.572 | 148 | Baa2 | BBB | NR | MERRILL JEFFERIES | na | |
| Yes | 3/3/04 | True Temper Sports | 125 | 8.375 | Sr Sub Notes | 9/15/11 | 100 | 8.375 | 468 | B3 | B- | NR | CS-FB-CS | na |
| 3/3/04 | Visteon Corp | 450 | 7 | Senior Notes | 3/10/14 | 99.957 | 7.006 | 295 | Ba1 | BB+ | NR | CITIGROUP JPM | na | |
| Yes | 3/4/04 | Global Cash Access | 235 | 8.75 | Sr Sub Notes | 3/15/12 | 100 | 8.75 | 495 | Caa1 | B- | NR | BA-SEC-LLC | na |
