| - | Issuer | Date | Princ. Amt. ($ Mils) | Cpn. | Security Type | Maturity | Offer Price | Yield | BP Sprd. | M | S&P | F | Manager | Gross Sprd. Fee % | Sell-Con. Fee % | Under Writing Fee % | Mgmt. Fee % |
| * | AIG SunAmerica XXIV | 12/4/03 | 250 | Floats | Float Rate Nts | 12/11/06 | 100 | Floats | - | Aa2 | AA | NR | DEUTSCHE-BK-SEC | na | - | - | - |
| * | Continental Airlines Inc | 12/4/03 | 414.6 | 7.875 | Equip Tr Certs | 7/2/18 | 100 | 7.875 | 347 | Ba3 | BBB | NR | MORGAN-STANLEY CITIGROUP | na | - | - | - |
| - | General Motors Acceptance Corp | 12/4/03 | 500 | 4.375 | Medium-Term Nts | 12/10/07 | 99.865 | 4.412 | 140 | A3 | BBB | BBB+ | BA-SEC-LLC, CITIGROUP, CS-FB-CS, | 0.181 | - | Comb. | Comb. |
| - | - | - | - | - | - | - | - | - | - | - | - | - | DEUTSCHE-BK-SEC, MORGAN-STANLEY, | - | - | - | - |
| - | - | - | - | - | - | - | - | - | - | - | - | - | UBS-INV-BANK | - | - | - | - |
| - | Georgia-Pacific Corp | 12/4/03 | 500 | 8 | Notes | 1/15/24 | 100 | 8 | 284 | Ba2 | BB+ | BB | CITIGROUP, DEUTSCHE-BK-SEC, UBS-INV-BANK | na | - | - | - |
| * | Insight Midwest LP | 12/4/03 | 130 | 10.5 | Senior Notes | 11/1/10 | 108.75 | 8.778 | 533 | B2 | B+ | NR | BA-SEC-LLC | na | - | - | - |
| - | Iron Mountain Inc | 12/4/03 | 170 | 6.625 | Sr Sub Notes | 1/1/16 | 96.5 | 7.061 | 403 | B2 | B | NR | BEAR | 1.45 | 0.25 | Comb. | Comb. |
| - | JP Morgan Chase & Co | 12/4/03 | 500 | 3.125 | Medium-Term Nts | 12/11/06 | 99.946 | 3.144 | 58 | A1 | A+ | NR | JPM | na | - | - | - |
| - | Northern Illinois Gas | 12/4/03 | 50 | 5.9 | Fst Mtg Bonds | 12/15/33 | 99.984 | 5.901 | 72 | Aa3 | AA | NR | BANKONE-CAPITAL | 0.875 | 0.5 | Comb. | Comb. |
| - | Northern Illinois Gas | 12/4/03 | 50 | 5.8 | Fst Mtg Bonds | 12/15/32 | 99.984 | 5.801 | 62 | Aa3 | AA | NR | BANKONE-CAPITAL | 0.875 | 0.5 | Comb. | Comb. |
| - | Northern Illinois Gas | 12/4/03 | 50 | 5.8 | Fst Mtg Bonds | 12/15/23 | 99.518 | 5.841 | 66 | Aa3 | AA | NR | BANKONE-CAPITAL | 0.875 | 0.5 | Comb. | Comb. |
| - | Northern Trust Corp | 12/4/03 | 100 | 2.875 | Notes | 12/15/06 | 100 | 2.875 | 27 | Aa3 | AA- | NR | LEH | na | - | - | - |
| * | RPM International Inc | 12/4/03 | 200 | 6.25 | Notes | 12/15/13 | 99.317 | 6.343 | 195 | Baa3 | BBB | NR | BANKONE-CAPITAL, WACHOVIA-SEC | na | - | - | - |
| - | SLM Corp | 12/4/03 | 275 | 6 | Senior Notes | 12/15/43 | 100 | 6 | 82 | A2 | A | A+ | MORGAN-STANLEY, CITIGROUP, MERRILL | 0.788 | 0.5 | 0.13 | 0.158 |
| - | Swedish Export Credit Corp | 12/4/03 | 1,000.00 | 2.875 | Global Bonds | 1/26/07 | 99.686 | 2.981 | 37 | Aa1 | AA+ | NR | LEH, UBS-INV-BANK | 0.075 | - | Comb. | Comb. |
| * | 21st Century Insurance Co | 12/4/03 | 100 | 5.9 | Notes | 12/15/13 | 99.871 | 5.917 | 155 | NR | BBB+ | BBB | BA-SEC-LLC, LEH | na | - | - | - |
| - | American Express Credit | 12/5/03 | 200 | Floats | Mdm-Trm Fl Nts | 6/9/05 | 100 | Floats | - | Aa3 | A+ | A+ | CITIGROUP | 0.015 | - | Comb. | Comb. |
| - | Citigroup Global Markets | 12/5/03 | 600 | Floats | Float Rate Nts | 12/12/05 | 100 | Floats | - | Aa1 | AA- | NR | CITIGROUP | na | - | - | - |
| - | Citigroup Global Markets | 12/5/03 | 400 | Floats | Float Rate Nts | 12/12/06 | 100 | Floats | - | Aa1 | AA- | NR | CITIGROUP | na | - | - | - |
| - | General Electric Capital Corp | 12/5/03 | 1,000.00 | Floats | Mdm-Trm Fl Nts | 3/9/07 | 100 | Floats | - | Aaa | AAA | AAA | GS | na | - | - | - |
| - | iStar Financial Inc | 12/5/03 | 350 | 6 | Senior Notes | 12/12/10 | 99.436 | 6.1 | 230 | Ba1 | BB+ | NR | DEUTSCHE-BK-SEC | na | - | - | - |
| - | iStar Financial Inc | 12/5/03 | 150 | 6.5 | Senior Notes | 12/12/13 | 99.275 | 6.6 | 233 | Ba1 | BB+ | NR | DEUTSCHE-BK-SEC | na | - | - | - |
| - | JP Morgan Chase & Co | 12/5/03 | 260.4 | Floats | Mdm-Trm Fl Nts | 12/12/06 | 100 | Floats | - | A1 | A+ | NR | JPM | na | - | - | - |
| - | Natl Rural Utilities Coop Fin | 12/5/03 | 50 | Floats | Mdm-Trm Fl Nts | 12/12/05 | 100 | Floats | - | A2 | A | A | JPM | na | - | - | - |
| * | Sweetheart Cup Co Inc | 12/5/03 | 95 | 9.5 | Sr Secured Nts | 1/15/07 | 100 | 9.5 | 697 | Caa1 | CCC | NR | JEFFERIES | na | - | - | - |
| - | US Bank NA,Minneapolis,MN | 12/8/03 | 2,000.00 | Floats | FR MT Bank Nts | 12/5/05 | 100 | Floats | - | Aa2 | A- | NR | LEH, MORGAN-STANLEY | na | - | - | - |
| - | Caterpillar Financial Services | 12/8/03 | 30 | Floats | Mdm-Trm Fl Nts | 11/14/05 | 100 | Floats | - | A2 | A | A | BANKONE-CAPITAL | na | - | - | - |
| - | Caterpillar Financial Services | 12/8/03 | 100 | Floats | Mdm-Trm Fl Nts | 11/14/05 | 100 | Floats | - | A2 | A | A | MERRILL | na | - | - | - |
| - | Caterpillar Financial Services | 12/8/03 | 200 | 3 | Medium-Term Nts | 2/15/07 | 99.804 | 3.065 | 63 | A2 | A | A- | BA-SEC-LLC, GS | na | - | - | - |
| * | Granite Broadcasting Corp | 12/8/03 | 400 | 9.75 | Sr Secured Nts | 12/1/10 | 98.782 | 9.997 | 617 | B3 | CCC+ | NR | JPM | na | - | - | - |
| * | Harrahs Entertainment Inc | 12/8/03 | 500 | 5.375 | Notes | 12/15/13 | 99.297 | 5.467 | 120 | Baa3 | BBB- | BBB- | CITIGROUP | na | - | - | - |
| * | K2 (USA) LLC | 12/8/03 | 100 | Floats | Mdm-Trm Fl Nts | 6/15/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| - | MDC Holdings Inc | 12/8/03 | 200 | 5.5 | Senior Notes | 5/15/13 | 100.235 | 5.468 | 124 | Baa3 | BBB- | BBB- | BANKONE-CAPITAL, CITIGROUP | 0.65 | - | Comb. | Comb. |
| * | Nationwide Building Society | 12/8/03 | 1,000.00 | Floats | Ext Liq Sec | 12/28/04 | 100 | Floats | - | Aa3 | A+ | NR | MORGAN-STANLEY, MERRILL | 0.2 | - | Comb. | Comb. |
| - | Nordea Bank Finland PLC-New | 12/8/03 | 200 | Floats | Flt Rate Bk Nts | 6/13/05 | 100 | Floats | - | Aa3 | A+ | NR | LEH | na | - | - | - |
| - | Procter & Gamble Co | 12/8/03 | 150 | 4.85 | Global Notes | 12/15/15 | 98.927 | 4.97 | 70 | Aa3 | AA- | AA- | GS, JPM, MERRILL | na | - | - | - |
| - | Raytheon Co | 12/8/03 | 500 | 4.85 | Notes | 1/15/11 | 99.78 | 4.887 | 117 | Baa3 | BBB- | BBB- | BA-SEC-LLC, CS-FB-CS, MORGAN-STANLEY | 0.625 | 0.375 | Comb. | Comb. |
| - | Raytheon Co | 12/8/03 | 200 | Floats | Notes | 6/10/05 | 100 | Floats | - | Baa3 | BBB- | BBB- | BA-SEC-LLC, CS-FB-CS, MORGAN-STANLEY | 0.22 | 0.132 | 0.044 | 0.044 |
| * | SBA Communications Corp | 12/8/03 | 402 | Zero | Discount Notes | 12/15/11 | 68.404 | 9.75 | 552 | Caa2 | CCC | NR | LEH | na | - | - | - |
| - | SunTrust Banks Inc,Atlanta,GA | 12/8/03 | 850 | Floats | Flt Rate Bk Nts | 12/12/05 | 100 | Floats | Aa2 | AA- | NR | LEH | na | - | - | - | |
| * | Tenneco Automotive Inc | 12/8/03 | 125 | 10.25 | Sr Secured Nts | 7/15/13 | 113 | 8.262 | 403 | B2 | CCC+ | NR | BA-SEC-LLC-CITIGROUP | na | - | - | - |
| - | Washington RE Investment Trust | 12/8/03 | 100 | 5.25 | Notes | 1/15/14 | 99.985 | 5.252 | 97 | Baa1 | A- | NR | BANKONE-CAPITAL, CS-FB-CS | 0.65 | 0.4 | 0.12 | 0.13 |
| - | Wisconsin Public Service Corp | 12/9/03 | 125 | 4.8 | Secured Notes | 12/1/13 | 99.646 | 4.845 | 57 | Aa2 | AA- | NR | UBS-INV-BANK | 0.65 | 0.4 | Comb. | Comb. |
| - | CIT Group Inc | 12/9/03 | 25 | Floats | Mdm-Trm Fl Nts | 6/19/06 | 100 | Floats | - | A2 | A | A | MORGAN-STANLEY | na | - | - | - |
| - | CIT Group Inc | 12/9/03 | 200 | Floats | Mdm-Trm Fl Nts | 6/19/06 | 99.875 | Floats | - | A2 | A | A | LEH | na | - | - | - |
| * | Cleveland Elec Illuminating | 12/9/03 | 300 | 5.65 | Notes | 12/19/13 | 99.637 | 5.698 | 145 | Baa3 | BBB- | NR | BARCLAYS-CAP, MORGAN-STANLEY | 0.65 | - | Comb. | Comb. |
| * | Equinox Fitness Clubs | 12/9/03 | 160 | 9 | Senior Notes | 12/15/09 | 100 | 9 | 534 | B3 | B- | NR | MERRILL, UBS-INV-BANK | na | - | - | - |
| - | Hanover Compressor Co | 12/9/03 | 200 | 8.625 | Senior Notes | 12/15/10 | 100 | 8.625 | 471 | B3 | B | NR | JPM, CITIGROUP | na | - | - | - |
| * | PRICOA Global Funding I | 12/9/03 | 500 | 3.9 | Notes | 12/15/08 | 99.973 | 3.906 | 69 | A1 | A+ | NR | CS-FB-CS, LEH | 0.35 | 0.2 | 0.075 | 0.075 |
| * | Privatbank | 12/9/03 | 100 | 10.875 | Senior Notes | 12/19/06 | 100 | 10.875 | 845 | NR | B- | B- | CS-FB-CS | 1.75 | - | Comb. | Comb. |
| - | RLI Corp | 12/9/03 | 100 | 5.95 | Notes | 1/15/14 | 99.504 | 6.016 | 175 | Baa3 | BBB+ | NR | CS-FB-CS, BANKONE-CAPITAL | 0.65 | 0.4 | 0.12 | 0.13 |
| * | Valeant Pharmaceuticals | 12/9/03 | 300 | 7 | Senior Notes | 12/15/11 | 100 | 7 | - | B1 | BB- | NR | BEAR | na | - | - | - |
| - | Virginia Electric & Power Co | 12/9/03 | 225 | 4.1 | Notes | 12/15/08 | 99.986 | 4.101 | -99 | A3 | BBB+ | NR | BANKONE-CAPITAL, MERRILL, MCDONALD | na | - | - | - |
| * | White Pine Finance LLC | 12/9/03 | 45 | Floats | Mdm-Trm Fl Nts | 12/15/04 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| * | White Pine Finance LLC | 12/10/03 | 82 | Floats | Mdm-Trm Fl Nts | 6/15/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| - | American Express Credit | 12/10/03 | 400 | Floats | Mdm-Trm Fl Nts | 12/15/06 | 100 | Floats | - | Aa3 | A+ | A+ | ABN-AMRO-INC-WACHOVIA-SEC | na | - | - | - |
| * | Blue Ridge Paper Products Inc | 12/10/03 | 125 | 9.5 | Sr Secured Nts | 12/15/08 | 100 | 9.5 | 620 | B2 | B- | NR | JEFFERIES | na | - | - | - |
| * | Bunge Finance | 12/10/03 | 350 | 4.375 | Notes | 12/15/08 | 99.867 | 4.405 | 107 | Baa3 | BBB | BBB | CITIGROUP-JPM | na | - | - | - |
| - | Diageo Finance Plc | 12/10/03 | 500 | 3 | Global Notes | 12/15/06 | 99.969 | 3.011 | 55 | A2 | A | NR | BARCLAYS-CAP-GS | na | - | - | - |
| - | International Paper Co | 12/10/03 | 500 | 5.5 | Global Notes | 1/15/14 | 99.763 | 5.531 | 120 | Baa2 | BBB | BBB | CITIGROUP-CS-FB-CS-DEUTSCHE-BK-SEC | na | - | - | - |
| - | International Paper Co | 12/10/03 | 500 | 4.25 | Global Notes | 1/15/09 | 99.837 | 4.286 | 98 | Baa2 | BBB | BBB | CITIGROUP-CS-FB-CS-DEUTSCHE-BK-SEC | na | - | - | - |
| * | Simmons Co(Fenway Partners) | 12/10/03 | 200 | 7.875 | Sr Sub Notes | 1/15/14 | 100 | 7.875 | 356 | Caa1 | B- | NR | GS-DEUTSCHE-BK-SEC-UBS-INV-BANK | na | - | - | - |
| - | Southern CA Gas(Pacific Entp) | 12/10/03 | 250 | 4.375 | Fst Mtg Bonds | 1/15/11 | 99.971 | 4.38 | 60 | A1 | A+ | AA- | MERRILL | na | - | - | - |
| * | Tele Norte Leste SA | 12/10/03 | 300 | 8 | Senior Notes | 12/18/13 | 98.32 | 8.25 | 393 | Baa3 | BB | B+ | JPM | na | - | - | - |
| Source: Thomson Financial/Securities Data. For more information, call Rich Petersonat (973) 645-9701. | |||||||||||||||||
| 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; *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; Ý estimated price. |
Financing Record (DECEMBER 4 - DECEMBER 8)
