New Issue-Praxair Inc sells $400 mln in 3-yr notes

Tue Nov 10, 2009 7:20pm GMT
[-] Text [+]
 Nov 10 (Reuters) - Praxair Inc (PX.N: Quote, Profile, Research) sold $400 million of
notes on Tuesday, said IFR, a Thomson Reuters service.
 The size of the deal was increased from an originally
planned $300 million.
 Bank of America and Deutsche Bank were the joint
bookrunning managers for the sale.
BORROWER: PRAXAIR INCORPORATED
AMT $400 MLN      COUPON 1.75 PCT     MATURITY 11/15/2012
TYPE NOTES        ISS PRICE 99.71     FIRST PAY 5/15/2010
MOODY'S A2        YIELD 1.85 PCT      SETTLEMENT 11/16/2009
S&P A-SINGLE      SPREAD 50 BPS       PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 15 BPS

 
 

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