New Issue-Cisco sells $5 bln in three parts

Mon Nov 9, 2009 10:28pm GMT
[-] Text [+]
  Nov 9 (Reuters) - Cisco Systems (CSCO.O: Quote, Profile, Research) on Monday sold $5
billion of notes in three parts, said IFR, a Thomson Reuters
service.
  Barclays, Credit Suisse, and Deutsche Bank were the active
joint bookrunning managers for the sale and Bank of America,
HSBC, and JP Morgan were the passive bookrunners.
BORROWER: CISCO SYSTEMS
FIRST TRANCHE:
AMT $500 MLN      COUPON 2.90 PCT     MATURITY 11/17/2014
TYPE NOTES        ISS PRICE 99.746    FIRST PAY 5/17/2010
MOODY'S A1        YIELD 2.955 PCT     SETTLEMENT 11/17/2009
S&P A-PLUS        SPREAD 67 BPS       PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 10 BPS
SECOND TRANCHE:
AMT $2.5 BLN      COUPON 4.45 PCT     MATURITY 1/15/2020 
TYPE NOTES        ISS PRICE 99.852    FIRST PAY 7/15/2010
MOODY'S A1        YIELD 4.469 PCT     SETTLEMENT 11/17/2009
S&P A-PLUS        SPREAD 100 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 15 BPS
THIRD TRANCHE:
AMT $2 BLN        COUPON 5.50 PCT     MATURITY 1/15/2040 
TYPE NOTES        ISS PRICE 97.439    FIRST PAY 7/15/2010
MOODY'S A1        YIELD 5.679 PCT     SETTLEMENT 11/17/2009
S&P A-PLUS        SPREAD 130 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 20 BPS


 
 
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