New Issue-Qwest Corp sells $750 mln in 7-yr sr notes

Tue Apr 7, 2009 11:37pm BST
[-] Text [+]
  April 7 (Reuters) - Qwest Corp, a unit of Denver-based phone company Qwest Communications International (Q.N: Quote, Profile, Research), late on Tuesday sold $750 million (proceeds) of seven-year senior notes in t
536870914
1751457841
  The size of the deal was increased from an originally planned $300 million.
  JP Morgan, Bank of America, Morgan Stanley and Wachovia were the joint bookrunning managers for the sale.
BORROWER: QWEST CORPORATION
AMT $750 MLN*      COUPON 8.375 PCT    MATURITY 5/1/2016  
TYPE SR NOTES      ISS PRICE 92.498    FIRST PAY 11/1/2009
MOODY'S Ba1        YIELD 9.875 PCT     SETTLEMENT 4/13/2009
S&P BBB-MINUS      SPREAD N/A          PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS                        MAKE-WHOLE-CALL 50 BPS
*$749.69 MLN PROCEEDS, $810.5 MLN FACE AMOUNT

 
 
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