New Issue-Prudential Financial sells $1.5 bln notes

Thu Sep 10, 2009 8:14pm BST
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  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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