By Andrea Heisinger
Omaha, Feb. 19 - Lehman Brothers Holdings Inc. priced $300 million 13-month hybrid notes Tuesday at par, according to an FWP filing with the Securities and Exchange Commission.
The notes (A1/A+/A+) have a fixed coupon of 4.75188% until April 14, 2008 and then a floating rate of three-month Libor plus 40 basis points.
Lehman Brothers Inc. was the bookrunner.
The investment bank is based in New York City.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Hybrid notes
|
| Amount: | $300 million
|
| Maturity: | March 20, 2009
|
| Bookrunner: | Lehman Brothers Inc.
|
| Coupon: | 4.75188% until April 14, 2008, then three-month Libor plus 40 bps
|
| Price: | Par
|
| Trade date: | Feb. 19
|
| Settlement date: | Feb. 20
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
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