Published on 8/24/2007 in the Prospect News Investment Grade Daily.
New Issue: Lehman Brothers prices $100 million one-year floaters to yield Libor plus 3 bps
By Jennifer Chiou
New York, Aug. 24 - Lehman Brothers Holdings Inc. priced $100 million of floating-rate notes (A1/A+/AA-) due Sept. 22, 2008 at par to yield one-month Libor plus 3 basis points, according to an FWP with the Securities and Exchange Commission.
The underwriter was Lehman Brothers Inc.
The global investment bank is based in New York City.
Issuer: | Lehman Brothers Holdings Inc.
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Amount: | $100 million
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Maturity: | Sept. 22, 2008
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Security description: | Senior medium-term floating-rate bonds
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Underwriter: | Lehman Brothers Inc.
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Coupon: | One-month Libor plus 3 bps
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Price: | Par
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Yield: | One-month Libor plus 3 bps
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Trade date: | Aug. 22
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Settlement date: | Aug. 27
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Ratings: | Moody's: A1
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| Standard & Poor's: A+
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| Fitch: AA-
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