Published on 8/28/2007 in the Prospect News Investment Grade Daily.
New Issue: Lehman Brothers prices $220 million 13-month floaters to yield Libor flat
By Jennifer Chiou
New York, Aug. 28 - Lehman Brothers Holdings Inc. priced $220 million of floating-rate notes (A1/A+/AA-) due Sept. 26, 2008 at par to yield Libor flat, according to an FWP filing with the Securities and Exchange Commission.
The underwriter was Lehman Brothers Inc.
The global investment bank is based in New York.
Issuer: | Lehman Brothers Holdings Inc.
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Amount: | $220 million
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Maturity: | Sept. 26, 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: | Libor flat
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Price: | Par
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Yield: | Libor flat
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Trade date: | Aug. 28
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Settlement date: | Aug. 30
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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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