By Andrea Heisinger
Omaha, Dec. 17 - Lehman Brothers Holdings Inc. priced $1.5 billion in 6.75% 10-year notes on Monday to yield 260 basis points more than Treasuries, an informed source said.
The notes (A2/A/A+) priced at 99.926 to yield 6.76% and have a make-whole call at Treasuries plus 20 bps.
Lehman Brothers Inc. was bookrunner.
The investment bank is based in New York City.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | Dec. 28, 2017
|
| Bookrunner: | Lehman Brothers Inc.
|
| Coupon: | 6.75%
|
| Price: | 99.926
|
| Yield: | 6.76%
|
| Spread: | Treasuries plus 260 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
| Trade date: | Dec. 17
|
| Settlement date: | Dec. 21
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
© 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.
