New Issue-Tyco Int'l Finance sells $750 mln 10-yr sr notes

Tue Jan 6, 2009 7:37pm GMT
[-] Text [+]
 Jan 6 (Reuters) - Tyco International Finance, the financing
arm of Tyco International Ltd (TYC.N: Quote, Profile, Research), on Tuesday sold $750
million in 10-year senior notes, according to International
Financing Review, a Thomson Reuters publication.
 The size of the deal was increased from the originally
planned $500 million.
 Citigroup and Morgan Stanley were the active bookrunners
for the sale. Bank of America, Deutsche Bank, Goldman Sachs,
and UBS were the passive bookrunners.
BORROWER: TYCO INTERNATIONAL FINANCE*
AMT $750 MLN       COUPON 8.50 PCT     MATURITY 1/15/2019 
TYPE SR NOTES      ISS PRICE 99.997    FIRST PAY 7/15/2009
MOODY'S Baa1       YIELD 8.50 PCT      SETTLEMENT 1/9/2009
S&P BBB-PLUS       SPREAD 681.9 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB-PLUS      MORE THAN TREAS    MAKE-WHOLE CALL 50
BPS**
 *GUARANTEED BY TYCO INTERNATINAL LTD
 **ONE-TIME PUT AFTER 5.5 YEARS. $101 COC PUT


 
 
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