Prior Week Completed IG Debt Deals

Week of February 2 - 6:

- 17 investment grade deals done for $20.4 billion, largest issuer was Novartis with $5 billion 10 year notes

Year To Date non-FDIC backed issuance:

- 80 deals, $77.225 billion

January indicative yields:

- Investment Grade average yield of 6.7%, Treasury spread of T+444
- High Yield average yield 11.4%, Treasury spread of T+962

Ten Most Recent IG Deals:

- Altria (BBB/ Baa1): $2.2B of 9.25% notes due 2019 at T+637.5
- Altria (BBB/ Baa1): $1.5B of 10.2% notes due 2039 at T+650
- Israel Electric (BBB+/Baa2): $500M of 9.375% notes due 2020 at T+684
- Lubrizol (BBB/Baa2): $500M of 8.875% notes due 2019 at T+640
- Nabors Industries (BBB+/Baa1): $1.125B of 9.25% notes due 2019 at T+676
- R.R. Donnelley & Sons (BBB+/Baa2): $400M of 11.25% notes due 2019 at T+904
- Staples (BBB/Baa): $1.5B of 9.75% notes due 2014 at T+829
- Vulcan Materials (BBB+/Baa1): $150M of 10.125% notes is due 2015 at T+804
- Vulcan Materials (BBB+/Baa1): $250M of 10.375% notes due 2018 at T+785
- Weatherford International (BBB+/Baa1): $1B of 9.625% notes due 2019 at T+723 Sphere: Related Content

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