New Issue-CBS Corp sells $750 mln in 2-part senior notes
May 8 (Reuters) - CBS Corp (CBS.N: Quote, Profile, Research) on Friday sold $750 million in two-part senior notes, said IFR, a Thomson Reuters service.
Bank of America, Citigroup, JP Morgan and UBS were the joint bookrunning managers for the sale. BORROWER: CBS CORPORATION FIRST TRANCHE: AMT $400 MLN COUPON 8.20 PCT MATURITY 5/15/2014 TYPE SR NOTES ISS PRICE 98.796 FIRST PAY 11/15/2009 MOODY'S Baa3 YIELD 8.50 PCT SETTLEMENT 5/13/2009 S&P BBB SPREAD 635.5 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS MAKE-WHOLE CALL 75 BPS SECOND TRANCHE: AMT $350 MLN COUPON 8.875 PCT MATURITY 5/15/2019 TYPE SR NOTES ISS PRICE 97.585 FIRST PAY 11/15/2009 MOODY'S Baa3 YIELD 9.25 PCT SETTLEMENT 5/13/2009 S&P BBB SPREAD 596.2 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS MAKE-WHOLE CALL 75 BPS
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