New Issue-Markel Corp sells $350 mln in 10-yr notes

Thu Sep 17, 2009 8:19pm BST
[-] Text [+]

  Sept 17 (Reuters) - Markel Corp (MKL.N: Quote, Profile, Research) on Thursday sold
$350 million of 10-year senior notes, said IFR, a Thomson
Reuters service.
  The size of the deal was increased from an originally
planned $250 million.
  Barclays and Wells Fargo were the joint bookrunning
managers for the sale.
BORROWER: MARKEL CORP
AMT $350 MLN      COUPON 7.125 PCT    MATURITY 9/30/2019 
TYPE SR NOTES     ISS PRICE 99.842    FIRST PAY 3/30/2010
MOODY'S Baa2      YIELD 7.147 PCT     SETTLEMENT 9/22/2009
S&P BBB           SPREAD 375 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB          MORE THAN TREAS    NON-CALLABLE       

 
 

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