Cisco Systems sells $5 billion debt in 3 parts: IFR

Mon Nov 9, 2009 10:23pm GMT
 
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NEW YORK (Reuters) - Cisco Systems (CSCO.O) on Monday sold $5 billion of debt in three parts, said IFR, a Thomson Reuters service.

The sale consisted of $500 million of five-year notes priced to yield 67 basis points more than comparable U.S. Treasuries, $2.5 billion of 10-year notes yielding 100 basis points more than Treasuries, and $2 billion of 30-year bonds yielding 130 basis points over Treasuries.

Barclays, Credit Suisse and Deutsche Bank are the active lead managers, and Bank of America, HSBC and JPMorgan are the passive lead managers, said IFR.

(Reporting by Pam Niimi)

 

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