New Issue-Regions Financial sells $700 mln in 5-yr notes
Nov 5 (Reuters) - Regions Financial Corporation (RF.N: Quote, Profile, Research) on Thursday sold $700 million of five-year notes, said IFR, a Thomson Reuters service.
Goldman Sachs, JP Morgan, Morgan Keenan, and UBS were the join bookrunning managers for the sale. BORROWER: REGIONS FINANCIAL CORP AMT $700 MLN COUPON 7.75 PCT MATURITY 11/10/2014 TYPE NOTES ISS PRICE 98.986 FIRST PAY 5/10/2010 MOODY'S Baa3 YIELD 8.00 PCT SETTLEMENT 11/10/2009 S&P TRIPLE-B SPREAD 565.2 BPS PAY FREQ SEMI-ANNUAL FITCH A-MINUS MORE THAN TREAS NON-CALLABLE
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