By Andrea Heisinger
Omaha, Sept. 19 - Lehman Brothers Holdings Inc. priced $3.25 billion of medium-term notes in two tranches Wednesday, an informed source said.
The company sold $2.25 billion of 6.2% seven-year notes (A1/A+) at 99.916 to yield 6.215%, or Treasuries plus 190 basis points.
The second tranche was $1 billion of 7% 20-year notes sold at 99.808 to yield 7.018%, or Treasuries plus 220 bps.
Lehman Brothers Inc. was the bookrunner.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Medium-term notes
|
| Amount: | $3.25 billion
|
| Bookrunner: | Lehman Brothers Inc.
|
| Trade date: | Sept. 19
|
| Settlement date: | Sept. 26
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
|
|
| Seven-year tranche
|
| Amount: | $2.25 billion
|
| Maturity: | Sept. 26, 2014
|
| Coupon: | 6.2%
|
| Price: | 99.916
|
| Yield: | 6.215%
|
| Spread: | Treasuries plus 190 bps
|
|
|
| Twenty-year tranche
|
| Amount: | $1 billion
|
| Maturity: | Sept. 27, 2027
|
| Coupon: | 7%
|
| Price: | 99.808
|
| Yield: | 7.018%
|
| Spread: | Treasuries plus 220 bps
|
|
|
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