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