By Andrea Heisinger
New York, Feb. 23 - Hewlett-Packard Co. sold an upsized $2.775 billion of notes in three tranches Monday, market sources said.
The deal launched and priced late in the day, and full terms were not available at press time.
The $1 billion of three-year notes priced to yield Treasuries plus 295 basis points.
A $1.5 billion tranche of notes due 2014 also priced to yield Treasuries plus 295 bps.
The third tranche was an upsized $275 million of two-year floating-rate notes, which priced at a coupon of three-month Libor plus 175 bps. The size was originally $200 million.
Bookrunners were Banc of America Securities LLC, Deutsche Bank Securities Inc. and RBS Greenwich Capital.
The computer company is based in Palo Alto, Calif.
| Issuer: | Hewlett-Packard Co.
|
| Total amount: | $2.775 billion
|
| Bookrunners: | Banc of America Securities LLC, Deutsche Bank Securities Inc., RBS Greenwich Capital
|
| Trade date: | Feb. 23
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Issue: | Fixed-rate notes
|
| Maturity: | 2012
|
| Spread: | Treasuries plus 295 bps
|
|
|
| Notes due 2014
|
| Amount: | $1.5 billion
|
| Issue: | Fixed-rate notes
|
| Maturity: | 2014
|
| Spread: | Treasuries plus 295 bps
|
|
|
| Two-year floaters
|
| Amount: | $275 million, upsized from $200 million
|
| Issue: | Floating-rate notes
|
| Maturity: | 2011
|
| Coupon: | Three-month Libor plus 175 bps
|
© 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.
