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