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