By Sheri Kasprzak
New York, Jan. 16 - Lehman Brothers Holdings Inc. priced $4 billion of five-year senior medium-term notes at Treasuries plus 275 basis points.
The 5.625% notes (A1/A+/AA-) are due Jan. 24, 2013 and were priced at 99.544% to yield 5.731%.
The notes are expected to settle on Jan. 22.
Lehman Brothers is the bookrunner with BBVA Securities, Inc.; Citigroup Global Markets; Commerzbank Corporates & Markets; Daiwa Securities SMBC Europe; Fortis Securities; ING Financial Markets LLC; Mellon Financial Markets, LLC; M.R. Beal & Co.; Natixis Bleichroder Inc.; Societe Generale Corporate & Investment Banking; SunTrust Robinson Humphrey; and Wells Fargo Securities as co-managers.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Senior medium-term notes
|
| Amount: | $4 billion
|
| Maturity: | Jan. 24, 2013
|
| Coupon: | 5.625%
|
| Price: | 99.544
|
| Yield: | 5.731%
|
| Spread: | Treasuries plus 275 bps
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
| Underwriters: | Lehman Brothers (lead); BBVA Securities, Inc.; Citigroup Global Markets; Commerzbank Corporates & Markets; Daiwa Securities SMBC Europe; Fortis Securities; ING Financial Markets LLC; Mellon Financial Markets, LLC; M.R. Beal & Co.; Natixis Bleichroder Inc.; Societe Generale Corporate & Investment Banking; SunTrust Robinson Humphrey; Wells Fargo Securities (co-managers)
|
| Distribution: | Off shelf
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
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