New Issue-Emerson Electric sells $600 mln in two parts
Nov 10 (Reuters) - Emerson Electric Co (EMR.N: Quote, Profile, Research) on Tuesday sold $600 million of notes in two parts, said IFR, a Thomson Reuters service.
Citigroup and JPMorgan were the joint bookrunning managers for the sale. BORROWER: EMERSON ELECTRIC COMPANY FIRST TRANCHE: AMT $300 MLN COUPON 4.25 PCT MATURITY 11/15/2020 TYPE NOTES ISS PRICE 99.47 FIRST PAY 5/15/2010 MOODY'S A2 YIELD 4.311 PCT SETTLEMENT 11/16/2009 S&P A-SINGLE SPREAD 85 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE SECOND TRANCHE: AMT $300 MLN COUPON 5.25 PCT MATURITY 11/15/2039 TYPE NOTES ISS PRICE 98.868 FIRST PAY 5/15/2010 MOODY'S A2 YIELD 5.326 PCT SETTLEMENT 11/16/2009 S&P A-SINGLE SPREAD 95 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE
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