New Issue-John Deere unit sells $500 mln in floaters

Thu Feb 21, 2008 11:09pm GMT
[-] Text [+]
 Feb 21 (Reuters) - John Deere Capital Corp, a unit of
Moline, Illinois-based Deere & Co (DE.N: Quote, Profile, Research), on Thursday sold
$500 million in two-year floating-rate notes, market sources
said.
 The size of the deal was increased from an originally
planned $300 million.
 Credit Suisse and J.P. Morgan were the joint book-running
managers for the sale.
BORROWER: JOHN DEERE CAPITAL CORP
AMT $500 MLN    COUPON 45 BPS/      MATURITY 2/26/2010 
                 3-MO LIBOR
TYPE FRN        ISS PRICE 100       FIRST PAY 5/26/2008
MOODY'S A2      YIELD N/A           SETTLEMENT 2/26/2008
S&P SINGLE-A    SPREAD N/A          PAY FREQ QUARTERLY 
FITCH N/A                           NON-CALLABLE       

 
 

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