Investment Grade Calendar

On The Horizon

FIRST CITIZENS BANCSHARES, INC.:

• $300 million of fixed-to-floating rate subordinated notes due 2030 (Baa1)

• Resets in 2025 to but excluding maturity date to floating rate based on SOFR benchmark

• Piper Sandler & Co. (bookrunner)

• Callable after five years

• Proceeds for general corporate purposes

• Bank holding company based in Raleigh, N.C.

JAPAN FINANCE ORGANIZATION FOR MUNICIPALITIES:

• Roadshow beginning Jan. 27 for dual-currency offering

• Rule 144A, Regulation S dollar-denominated green bonds

• Also euro-denominated notes

• J.P. Morgan Securities plc, Mizuho Securities Co., Ltd., Merrill Lynch International and Barclays (bookrunners)

• Tokyo-based funding organization for Japanese local governments

T-MOBILE U.S. INC.:

• Roadshow in United States and Europe held April 30-May 8, 2019

• Possible $20 billion-plus high-grade secured bond offering

• Barclays, Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC (arrangers)

• Proceeds to help fund acquisition of Sprint Corp.

• Unit of Bonn, Germany-based telecommunications company Deutsche Telekom AG

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