New Issue-Microsoft Corp sells $3.75 bln in three parts

Mon May 11, 2009 11:40pm BST
[-] Text [+]
  May 11 (Reuters) - Microsoft Corp (MSFT.O: Quote, Profile, Research) on Monday sold $3.75 billion of notes in a three-part debt sale, said IFR, a Thomson Reuters service.
  JP Morgan and Morgan Stanley were the active joint bookrunning managers. While Bank of America and Citigroup were the passive joint bookrunning managers for the sale.
BORROWER: MICROSOFT CORP
FIRST TRANCHE:
AMT $2.0 BLN    COUPON 2.95 PCT     MATURITY 6/1/2014  
TYPE SR NOTES   ISS PRICE 99.902    FIRST PAY 12/1/2009
MOODY'S Aaa     YIELD 2.971 PCT     SETTLEMENT N/A     
S&P TRIPLE-A    SPREAD 95 BPS/      PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    NON-CALLABLE       
SECOND TRANCHE:
AMT $1.0 BLN    COUPON 4.20 PCT     MATURITY 6/1/2019  
TYPE SR NOTES   ISS PRICE 99.950    FIRST PAY 12/1/2009
MOODY'S Aaa     YIELD 4.206 PCT     SETTLEMENT N/A     
S&P TRIPLE-A    SPREAD 105 BPS/     PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    NON-CALLABLE       
THIRD TRANCHE:
AMT $750 MLN    COUPON 5.20 PCT     MATURITY 6/1/2039  
TYPE SR NOTES   ISS PRICE 99.786    FIRST PAY 12/1/2009
MOODY'S Aaa     YIELD 5.214 PCT     SETTLEMENT N/A     
S&P TRIPLE-A    SPREAD 105 BPS/     PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    NON-CALLABLE       

 
 
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