New Issue-Toll Brothers unit sells $400 mln in 8.5-yr notes

Mon Apr 13, 2009 11:05pm BST
[-] Text [+]
  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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