By Andrea Heisinger
New York, Dec. 3 - Hewlett-Packard Co. released full terms for its $2 billion of 6.125% five-year global notes (A2/A/A+) priced to yield Treasuries plus 460 basis points, according to an FWP filing with the Securities and Exchange Commission.
The deal was originally announced in a prospectus as being in two tranches.
The notes priced at the tight end of talk, which was in the 462.5 bps area, a source said.
The notes priced at 99.561 and have a make-whole call of Treasuries plus 50 bps.
Bookrunners were Banc of America Securities LLC, Credit Suisse Securities, Morgan Stanley & Co. Inc., Deutsche Bank Securities, Merrill Lynch and RBS Greenwich Capital.
Proceeds will be used for general corporate purposes, including the repayment of outstanding commercial paper issued in connection with the acquisition of Electronic Data Systems Corp.
The computer and technology company is based in Palo Alto, Calif.
| Issuer: | Hewlett-Packard Co.
|
| Issue: | Global notes
|
| Amount: | $2 billion
|
| Maturity: | March 1, 2014
|
| Bookrunners: | Banc of America Securities LLC, Credit Suisse Securities, Morgan Stanley & Co. Inc., Deutsche Bank Securities, Merrill Lynch, RBS Greenwich Capital
|
| Senior co-managers: | Mitsubishi UFJ Securities, Barclays Capital, BNP Paribas Securities, HSBC Securities, Wells Fargo Securities
|
| Co-managers: | Wachovia Capital Markets
|
| Coupon: | 6.125%
|
| Price: | 99.561
|
| Spread: | Treasuries plus 460 bps
|
| Call: | Make-whole at Treasuries plus 50 bps
|
| Trade date: | Dec. 2
|
| Settlement date: | Dec. 5
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Price talk: | 462.5 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
