New Issue - Hewlett-Packard sells $2 bln in three parts

Thu May 21, 2009 11:31pm BST
[-] Text [+]
 May 21 (Reuters) - Hewlett-Packard Co (HPQ.N: Quote, Profile, Research) on Thursday
sold $2 billion of debt in three parts, said IFR, a Thomson
Reuters publication.
 Bank of America, Credit Suisse and Morgan stanley were the
active bookrunning managers for the sale.  Deutsche Bank and
the Royal Bank of Scotland were the passive bookrunners.
BORROWER: HEWLETT-PACKARD CO
AMT $750 MLN    COUPON 105 BPS/     MATURITY 5/27/2011 
TYPE FRN           3-MONTH LIBOR    FIRST PAY 8/27/2009
MOODY'S A2      ISS PRICE 100       SETTLEMENT 5/27/2009
S&P SINGLE-A    YIELD N/A           PAY FREQ QUARTERLY 
FITCH A-PLUS    SPREAD N/A          NON-CALLABLE       
AMT $1.0 BLN    COUPON 2.25 PCT     MATURITY 5/27/2011 
TYPE NOTES      ISS PRICE 99.967    FIRST PAY 11/27/2009
MOODY'S A2      YIELD 2.267 PCT     SETTLEMENT 5/27/2009
S&P SINGLE-A    SPREAD 140 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-PLUS      MORE THAN TREAS   MAKE-WHOLE CALL 25 BPS
AMT $250 MLN    COUPON 2.95 PCT     MATURITY 8/15/2012 
TYPE NOTES      ISS PRICE 99.984    FIRST PAY 8/15/2009
MOODY'S A2      YIELD 2.956 PCT     SETTLEMENT 5/27/2009
S&P SINGLE-A    SPREAD 160 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-PLUS      MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS


 
 
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