June 5, 2012 / 8:47 PM / 5 years ago

New Issue-Deere sells $2.25 bln in 2 parts

 June 5 (Reuters) - Deere & Co on Tuesday sold $2.25
billion of notes in two parts, said IFR, a Thomson Reuters
service. 	
 Bank of America Merrill Lynch, Citigroup, Deutsche Bank, and
JP Morgan were the joint bookrunning managers for the sale.	
	
BORROWER: DEERE & CO 	
	
TRANCHE 1	
AMT $1 BLN      COUPON 2.6 PCT     MATURITY    06/08/2022	
TYPE NTS        ISS PRICE 99.746   FIRST PAY   12/08/2012 	
MOODY'S A2      YIELD 2.629 PCT    SETTLEMENT  06/08/2012   	
S&P SINGLE-A    SPREAD 105 BPS     PAY FREQ    SEMI-ANNUAL	
FITCH N/A        MORE THAN TREAS   NON-CALLABLE   N/A 	
 	
TRANCHE 2	
AMT $1.25 BLN   COUPON 3.9 PCT     MATURITY    06/09/2042	
TYPE NTS        ISS PRICE 99.265   FIRST PAY   12/09/2012 	
MOODY'S A2      YIELD 3.942 PCT    SETTLEMENT  06/08/2012   	
S&P SINGLE-A    SPREAD 130 BPS     PAY FREQ    SEMI-ANNUAL	
FITCH N/A        MORE THAN TREAS   NON-CALLABLE   N/A 	
	
 (Editing by M.D. Golan)	
 

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