New Issue-Prudential Financial sells $1.5 bln notes
Sept 10 (Reuters) - Prudential Financial Inc (PRU.N: Quote, Profile, Research) on Thursday sold $1.5 billion of medium-term notes, said IFR, a Thomson Reuters service.
Bank of America Merrill Lynch, Barclays, and Morgan Stanley were the joint bookrunning managers for the sale. BORROWER: PRUDENTIAL FINANCIAL INC FIRST TRANCHE: AMT $600 MLN COUPON 3.625 PCT MATURITY 9/17/2012 TYPE MTN ISS PRICE 99.983 FIRST PAY 3/17/2010 MOODY'S Baa2 YIELD 3.631 PCT SETTLEMENT 9/15/2009 S&P SINGLE-A SPREAD 225 BPS PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS NON-CALLABLE SECOND TRANCHE: AMT $900 MLN COUPON 4.75 PCT MATURITY 9/17/2015 TYPE MTN ISS PRICE 99.767 FIRST PAY 3/17/2010 MOODY'S Baa2 YIELD 4.795 PCT SETTLEMENT 9/15/2009 S&P SINGLE-A SPREAD 250 BPS PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS NON-CALLABLE
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