Cisco Systems launches $5 bln 3-part debt sale-IFR

Mon Nov 9, 2009 6:30pm GMT
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NEW YORK, Nov 9 (Reuters) - Cisco Systems (CSCO.O: Quote, Profile, Research) on Monday launched a $5 billion three-part debt sale, said IFR, a Thomson Reuters service.

The offering consists of $500 million of five-year notes launched at 67 basis points more than comparable U.S. Treasuries, and $2.5 billion of 10-year notes launched at 100 basis points more than Treasuries.

The third part is $2 billion of 30-year bonds launched at 130 basis points more than Treasuries.

Barclays, Credit Suisse and Deutsche Bank are the active lead managers, and Bank of America, HSBC and JPMorgan are the passive lead managers, said IFR. (Reporting by Pam Niimi; Editing by Diane Craft)

 
 
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