10 yr: Book size: 1100; Registration: 3(c)(7); Comments: USD600m Pine Street Trust I & Pine Street Trust II (AXA Equitable), rated Baa2/BBB+(s/s), announced a US$ benchmark 2-part pre-capitalized trust securities via CS/CITI/JPM(act)/BARC/MS/PNC/WFS(pass). IPTs: 10-year T+220bp area, 30-year T+270bp area (Source: IFR);
30 yr: Book size: 600; Registration: 3(c)(7); Comments: USD400m Pine Street Trust I & Pine Street Trust II (AXA Equitable), rated Baa2/BBB+(s/s), announced a US$ benchmark 2-part pre-capitalized trust securities via CS/CITI/JPM(act)/BARC/MS/PNC/WFS(pass). IPTs: 10-year T+220bp area, 30-year T+270bp area (Source: IFR);