New Issue-Toll Brothers unit sells $400 mln in 8.5-yr notes
April 13 (Reuters) - Toll Brothers Finance Corp, a unit of luxury homebuilder Toll Brothers Inc (TOL.N: Quote, Profile, Research), on Monday sold $400 million in 8.5-year notes, said IFR, a Thomson Reuters service.
Citigroup Global Markets was the sole bookrunning manager for the sale. BORROWER: TOLL BROTHERS FINANCE CORP AMT $400 MLN COUPON 8.90 PCT MATURITY 10/15/2017 TYPE NOTES ISS PRICE 97.975 FIRST PAY 10/15/2009 MOODY'S Ba1 YIELD 9.25 PCT SETTLEMENT 4/20/2009 S&P BBB-MINUS SPREAD 639.2 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
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