| Debt Issuance since 2/20/2003 | |||||||||||||||||
| Rule 144A Private Place- ment | Issuer | Issue Date | 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 | Selling Concession as % of Prncpl Amt - in this Mkt | Underwriting Fee as % of Prncpl Amt - in this Mkt | Management Fee as % of Prncpl Amt - in this Mkt |
| American Express Credit | 2/20/03 | 750 | Floats | Mdm-Trm Fl Nts | 2/25/05 | Market | Floats | Aa3 | A+ | A+ | MORGAN-STANLEY | Market | |||||
| Yes | Amvescap PLC | 2/20/03 | 350 | 5.375 | Notes | 2/27/13 | 99.412 | 5.452 | A2 | A- | NR | MERRILL SALOMON-SMITH | 0.65 | Comb. | Comb. | ||
| Bank of America Corp | 2/20/03 | 1,082.40 | 3.625 | Senior Notes | 3/3/08 | 99.854 | 3.657 | 83 | Aa2 | A+ | AA- | BASL | 0.3 | 0.15 | Comb. | Comb. | |
| Yes | Duke Energy Corp | 2/20/03 | 500 | 3.75 | Notes | 3/5/08 | 99.709 | 3.814 | 98 | A2 | A | A- | BANKONE-CAPITAL DEUTSCHE-BK-SEC UBS-WARBURG | na | |||
| Yes | Equitable Resources Inc | 2/20/03 | 200 | 5.15 | Notes | 3/1/18 | 99.916 | 5.158 | 130 | A2 | A | NR | GS LEH SALOMON-SMITH | na | |||
| Markel Corp | 2/20/03 | 200 | 6.8 | Senior Notes | 2/15/13 | 99.66 | 6.848 | 298 | Baa3 | BBB- | BBB- | MERRILL | 0.65 | 0.4 | Comb. | Comb. | |
| Morgan Stanley | 2/20/03 | 920 | 4.375 | Global Notes | 3/1/10 | 99.306 | 4.491 | 166 | Aa3 | A+ | AA- | MORGAN-STANLEY | 0.4 | Comb. | Comb. | ||
| Morgan Stanley | 2/20/03 | 2,000.00 | 5.3 | Global Notes | 3/1/13 | 99.623 | 5.349 | 147 | Aa3 | A+ | AA- | MORGAN-STANLEY | 0.45 | 0.2 | Comb. | Comb. | |
| SouthTrust Corp,Birmingham,AL | 2/20/03 | 100 | 1.33 | Bank Notes | 2/24/04 | 100 | 1.33 | -25 | A2 | A- | NR | GS | na | ||||
| Textron Financial Corp | 2/20/03 | 15 | Floats | Mdm-Trm Fl Nts | 2/11/05 | 100 | Floats | A3 | A- | A | WACHOVIA-SEC | 0.25 | Comb. | Comb. | |||
| Bank of New York,New York,NY | 2/21/03 | 6.9 | 5.35 | Medium-Term Nts | 2/15/18 | 100 | 5.35 | 50 | Aa3 | A+ | AA- | MERRILL | 2 | Comb. | Comb. | ||
| Yes | Doane Pet Care Co | 2/21/03 | 213 | 10.75 | Senior Notes | 3/1/10 | 98.8 | 11 | 763 | B2 | B- | NR | CS-FB JPM | na | |||
| Georgia Power Co(Southern Co) | 2/21/03 | 150 | 5.4 | Sr Ins Qrt Nts | 3/1/33 | 100 | 5.4 | 55 | Aaa | AAA | NR | ED-JONES | na | ||||
| Merrill Lynch & Co Inc | 2/21/03 | 301.5 | Floats | Mdm-Trm Fl Nts | 2/25/05 | 100 | Floats | Aa3 | AA- | AA | MERRILL | na | |||||
| Morgan Stanley | 2/21/03 | 473.6 | 5.375 | Global Bonds | 11/14/13 | 98.864 | 5.517 | 138 | Aa3 | A+ | AA- | MORGAN-STANLEY | 0.45 | Comb. | Comb. | ||
| Natl Rural Utilities Coop Fin | 2/21/03 | 125 | 6.75 | Sub Notes | 2/15/43 | 100 | 6.75 | 190 | A3 | BBB+ | NR | UBS-WARBURG | na | ||||
| Northwest Natural Gas Co | 2/21/03 | 40 | 5.66 | Medium-Term Nts | 2/25/33 | 100 | 5.66 | 85 | A2 | A | A- | BANKONE-CAPITAL MERRILL UBS-WARBURG US-PIPER | 0.75 | Comb. | Comb. | ||
| AMBAC Financial Group Inc | 2/24/03 | 200 | 5.95 | Debentures | 100 | 5.95 | 114 | Aa2 | AA | AA | GS MERRILL | 3.15 | 2 | Comb. | Comb. | ||
| Textron Financial Corp | 2/24/03 | 5 | Floats | Mdm-Trm Fl Nts | 2/11/05 | 100 | Floats | NR | A- | A | JPM | na | |||||
| Wells Fargo & Co,California | 2/24/03 | 1,250.00 | Floats | Global FRNs | 3/3/06 | 100 | Floats | Aa2 | A+ | NR | SALOMON-SMITH | na | |||||
| BP Capital Markets PLC | 2/25/03 | 750 | Floats | Global Notes | 3/8/04 | 100 | Floats | Aa1 | AA+ | NR | GS | na | |||||
| BP Capital Markets PLC | 2/25/03 | 250 | 2.35 | Global Notes | 6/15/06 | 99.95 | 2.366 | 85 | Aa1 | AA+ | NR | GS | na | ||||
| Caterpillar Financial Services | 2/25/03 | 50 | 2.65 | Medium-Term Nts | 1/30/06 | 100 | 2.65 | 113 | A2 | A+ | NR | JPM | na | ||||
| Development Bank of Japan | 2/25/03 | 255.7 | 1.7 | Gr Global Bonds | 9/20/22 | 105.803 | 1.361 | 6 | Aa1 | AA- | NR | NIKSSE UBS-WARBURG | 0.45 | 0.3 | Comb. | Comb. | |
| Yes | DirecTV Enterprises Inc | 2/25/03 | 1,400.00 | 8.375 | Senior Notes | 3/15/13 | 100 | 8.375 | 461 | B1 | B | NR | DEUTSCHE-BK-SEC BA-SEC-LLC SALOMON-SMITH CS-FB GS | na | |||
| Health & Retirement Properties | 2/25/03 | 200 | 6 | Notes | 3/1/15 | 99.443 | 6.066 | 225 | Baa2 | BBB+ | BBB | CS-FB | na | ||||
| JC Penney Co | 2/25/03 | 600 | 8 | Notes | 3/1/10 | 99.342 | 8.125 | 483 | Ba3 | BBB- | NR | CS-FB | 1.65 | Comb. | Comb. | ||
| Yes | Tango Finance Ltd | 2/25/03 | 55 | Floats | Mdm-Trm Fl Nts | 3/5/04 | 100 | Floats | Aaa | AAA | NR | JPM | na | ||||
| United Parcel Service Inc | 2/25/03 | 100 | Floats | Float Rate Nts | 2/28/53 | 100 | Floats | Aaa | AA | NR | MORGAN-STANLEY MERRILL SALOMON-SMITH | 0.1 | Comb. | Comb. | |||
| Virginia Electric & Power Co | 2/25/03 | 400 | 4.75 | Sr Unsecurd Nts | 3/1/13 | 99.842 | 4.77 | 98 | A3 | BBB+ | NR | BARCLAYS-CAP JPM | na | ||||
| Yes | John Hancock Global Funding II | 2/26/03 | 105 | Floats | Mdm-Trm Fl Nts | 3/6/06 | 100 | Floats | Aa3 | AA | AA | JPM | na | ||||
| Occidental Petroleum Corp | 2/26/03 | 300 | 4.25 | Medium-Term Nts | 3/15/10 | 100 | 4.25 | 149 | Baa2 | BBB | NR | SALOMON-SMITH | na | ||||
| Ryder System Inc | 2/26/03 | 20 | 4 | Medium-Term Nts | 4/1/08 | 100 | 4 | 124 | Baa1 | BBB | BBB+ | DEUTSCHE-BK-SEC | na | ||||
| Yes | Semiconductor Components | 2/26/03 | 200 | 12 | Sr Secured Nts | 3/15/10 | 95.467 | 13.002 | 966 | B3 | B | NR | SALOMON-SMITH CS-FB | na |
Financing Record (FEBRUARY 20 -- FEBRUARY 27)
