By Andrea Heisinger
Omaha, Feb. 5 - Lehman Brothers Holdings Inc. priced $1.65 billion of 7.95% perpetual preferred stock on Tuesday, an informed source said.
The non-cumulative notes (A3/A-/A+) priced at par of $25 and are non-callable for five years.
Bookrunners were Lehman Brothers Inc. and Citigroup Global Markets Inc.
The investment bank is based in New York City.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Non-cumulative preferred stock
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Amount: | $1.65 billion
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Maturity: | Perpetual
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Bookrunners: | Lehman Brothers Inc., Citigroup Global Markets Inc.
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Dividend: | 7.95%
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Price: | Par of $25
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Call: | Non-callable for five years
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Trade date: | Feb. 5
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Settlement date: | Feb. 12
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Ratings: | Moody's: A3
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| Standard & Poor's: A-
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| Fitch: A+
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