| - | Date | Issuer | 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 % |
| * | 2/5/04 | American Axle and Mnfrg | 250 | 5.25 | Notes | 2/11/14 | 99.861 | 5.268 | 108 | Baa3 | BBB | NR | BA-SEC-LLC-JPM-MERRILL | na | - | - | - |
| - | 2/5/04 | American Express Credit | 100 | Floats | Mdm-Trm Fl Nts | 8/9/05 | 100 | Floats | - | Aa3 | A+ | A+ | BNP-PARIBAS | 0.02 | - | Comb. | Comb. |
| - | 2/5/04 | American Express Credit | 100 | Floats | Mdm-Trm Fl Nts | 8/9/05 | 100 | Floats | - | Aa3 | A+ | A+ | BARCLAYS-CAP | 0.02 | - | Comb. | Comb. |
| * | 2/5/04 | Argosy Gaming Co | 350 | 7 | Sr Sub Notes | 2/5/14 | 100 | 7 | 285 | B3 | B+ | NR | MORGAN-STANLEY | na | - | - | - |
| * | 2/5/04 | Beta Finance | 10 | 1.38 | Medium-Term Nts | 2/17/05 | 99.99 | 1.39 | -40 | Aaa | AAA | NR | GS | na | - | - | - |
| * | 2/5/04 | General Communication Inc | 230 | 7.25 | Senior Notes | 2/15/14 | 98.264 | 7.5 | 332 | B2 | B+ | NR | DEUTSCHE-BK-SEC | na | - | - | - |
| - | 2/5/04 | Lehman Brothers Holdings Inc | 14 | 5.7 | Medium-Term Nts | 2/10/29 | 100 | 5.7 | 72 | A1 | A | A+ | LEH | na | - | - | - |
| * | 2/5/04 | Pinnacle Foods Corp | 194 | 8.25 | Sr Sub Notes | 12/1/13 | 103.596 | 7.72 | 394 | B3 | B | NR | JPM-CITIGROUP | na | - | - | - |
| * | 2/5/04 | Ply-Gem Industries Inc | 200 | 9 | Sr Sub Notes | 2/15/12 | 100 | 9 | 506 | B3 | B- | NR | DEUTSCHE-BANK-UBS-INV-BANK | na | - | - | - |
| - | 2/5/04 | UnitedHealth Group Inc | 250 | 3.75 | Notes | 2/10/09 | 99.851 | 3.783 | 60 | A3 | A | A | JPM-MERRILL-UBS-INV-BANK | 0.6 | 0.35 | Comb. | Comb. |
| - | 2/5/04 | UnitedHealth Group Inc | 250 | 4.75 | Notes | 2/10/14 | 99.067 | 4.869 | 70 | A3 | A | A | JPM-MERRILL-UBS-INV-BANK | 0.65 | 0.4 | Comb. | Comb. |
| * | 2/6/04 | Affinity Group Inc | 200 | 9 | Sr Sub Notes | 2/15/12 | 100 | 9 | 515 | B3 | BB- | NR | CIBC-WORLD | na | - | - | - |
| - | 2/6/04 | Bank of America Corp | 1,500.00 | Floats | Flt Senior Nts | 2/15/07 | 100 | Floats | - | Aa2 | A+ | AA | BA-SEC-LLC | 0.01 | 0.01 | Comb. | Comb. |
| * | 2/6/04 | Cullen/Frost Bankers Inc,Texas | 100 | Floats | Float Rate Nts | 3/1/34 | 100 | Floats | - | Baa2 | BBB- | BBB+ | LEH | na | - | - | - |
| - | 2/6/04 | Household Finance Corp | 350 | Floats | Mdm-Trm Fl Nts | 2/9/07 | 100 | Floats | - | A1 | A | NR | HSBC-SECURITIES | 0.09 | - | Comb. | Comb. |
| - | 2/6/04 | KeyCorp,Cleveland,Ohio | 250 | 2.75 | Medium-Term Nts | 2/15/07 | Market | Market | 65 | A2 | A- | A | MCDONALD | 0.1 | - | Comb. | Comb. |
| * | 2/6/04 | ORMAT | 190 | 8.25 | Sr Secured Nts | 12/30/20 | 100 | 8.25 | 325 | NR | NR | NR | LEH | na | - | - | - |
| * | 2/6/04 | Pliant Corp | 306 | Varies | Discount Notes | 6/15/09 | 73.627 | Varies | 805 | B3 | B | NR | JPM-CS-FB-CS-DEUTSCHE-BK-SEC | na | - | - | - |
| - | 2/9/04 | CIT Group Inc | 750 | 5 | Global Notes | 2/13/14 | 99.301 | 5.09 | 102 | A2 | A | A | CITIGROUP-GS-MORGAN-STANLEY | na | - | - | - |
| - | 2/9/04 | Consolidated Edison Co of NY | 200 | 5.701 | Notes | 2/10/34 | 99.731 | 5.72 | 80 | A1 | A | A- | CITIGROUP-MERRILL | 0.875 | 0.5 | Comb. | Comb. |
| - | 2/9/04 | Consolidated Edison Co of NY | 200 | 4.7 | Debentures | 2/1/14 | 99.82 | 4.723 | 65 | A1 | A | A- | CITIGROUP-MERRILL | 0.65 | 0.4 | Comb. | Comb. |
| - | 2/9/04 | Fifth Third Bancorp,Cincinnati | 500 | Floats | Flt Rate Bk Nts | 8/15/05 | 100 | Floats | - | Aa1 | AA- | NR | JPM | na | - | - | - |
| - | 2/9/04 | LaSalle Bank NA,Chicago,IL | 100 | 1.33 | Mdm-Trm Bk Nts | 2/10/05 | 100 | 1.33 | -41 | A3 | A+ | AA- | LEH | na | - | - | - |
| * | 2/9/04 | MidAmerican Energy Co | 250 | 5 | Notes | 2/14/14 | 99.517 | 5.062 | 99 | Baa3 | BBB- | NR | CS-FB-CS-LEH | 0.65 | 0.4 | Comb. | Comb. |
| * | 2/9/04 | PACE | 50 | Floats | Mdm-Trm Fl Nts | 2/15/05 | 100 | Floats | - | NR | NR | NR | LEH | na | - | - | - |
| * | 2/9/04 | Private Export Funding Corp | 200 | 3.375 | Notes | 2/15/09 | 99.991 | 3.377 | 31 | Aaa | AAA | NR | JPM | na | - | - | - |
| - | 2/10/04 | AES Corp | 500 | 7.75 | Senior Notes | 2/10/14 | 98.288 | 8.002 | 390 | B3 | B- | NR | CITIGROUP-DEUTSCHE-BK-SEC | na | - | - | - |
| - | 2/10/04 | Alabama Power(Southern Co Inc) | 200 | 5.125 | Notes | 2/15/19 | 99.535 | 5.17 | 107 | A2 | A | A | BARCLAYS-CAP-WACHOVIA-SEC | na | - | - | - |
| * | 2/10/04 | American Honda Finance | 40 | Floats | Mdm-Trm Fl Nts | 2/13/05 | 100 | Floats | - | A1 | A+ | NR | JPM | na | - | - | - |
| * | 2/10/04 | Assurant Inc | 500 | 5.625 | Notes | 2/15/14 | 99.887 | 5.64 | 157 | Baa2 | BBB+ | NR | BANKONE-CAPITAL-CITIGROUP-MORGAN-STANLEY | na | - | - | - |
| * | 2/10/04 | Assurant Inc | 475 | 6.75 | Notes | 2/15/34 | 99.39 | 6.798 | 189 | Baa2 | BBB+ | NR | BANKONE-CAPITAL-CITIGROUP-MORGAN-STANLEY | na | - | - | - |
| * | 2/10/04 | HBOS PLC | 200 | Floats | Float Rate Nts | 2/17/06 | 100 | Floats | - | Aa2 | AA | AA | MORGAN-STANLEY | na | - | - | - |
| * | 2/10/04 | Huntington Natl Bk,Columbus,OH | 150 | 5.375 | Notes | 2/28/19 | 99.686 | 5.406 | 130 | A2 | A- | A | CITIGROUP-CS-FB-CS | na | - | - | - |
| * | 2/10/04 | BF Saul Real Estate Invt Tr | 250 | 7.5 | Sr Secured Nts | 3/1/14 | 100 | 7.5 | 344 | B3 | B+ | NR | LEH | na | - | - | - |
| * | 2/10/04 | Sigma Finance Inc | 200 | 1.068 | Medium-Term Nts | 3/7/05 | 100 | 1.068 | -71 | Aaa | AAA | NR | LEH | na | - | - | - |
| * | 2/10/04 | Time Warner Telecom Inc | 240 | Floats | Sr Sec Flt Nts | 2/15/11 | 100 | Floats | - | B1 | B | NR | LEH-MORGAN-STANLEY | na | - | - | - |
| * | 2/10/04 | Time Warner Telecom Inc | 200 | 9.25 | Senior Notes | 2/15/14 | 100 | 9.25 | 516 | B2 | CCC+ | NR | LEH-MORGAN-STANLEY | na | - | - | - |
| - | 2/10/04 | Wal-Mart Stores Inc | 1,250.00 | 4.125 | Global Notes | 2/15/11 | 99.58 | 4.195 | 111 | Aa2 | AA | NR | CS-FB-CS-LEH-GS | na | - | - | - |
| * | 2/11/04 | Infinity Prop & Casualty Corp | 200 | 5.5 | Notes | 2/18/14 | 99.628 | 5.549 | 143 | Baa3 | BBB | BBB | LEH-UBS-INV-BANK | na | - | - | - |
| - | 2/11/04 | National City Bank,Cleveland | 200 | 2.7 | Amortizing Nts | 8/24/09 | 99.951 | 2.71 | 65 | Aa3 | A+ | AA- | BA-SEC-LLC | na | - | - | - |
| * | 2/11/04 | North Atlantic Trading Co Inc | 200 | 9.25 | Senior Notes | 3/1/12 | 100 | 9.25 | 539 | B2 | B+ | NR | CITIGROUP | na | - | - | - |
| * | 2/11/04 | North Atlantic Trading Co Inc | 97 | Varies | Sr Discount Nts | 3/1/14 | 61.866 | Varies | - | Caa1 | B- | NR | CITIGROUP-RBC-CAP-MKTS | 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 (FEBRUARY 5 -- FEBRUARY 11)
