By Andrea Heisinger
Omaha, April 17 - Lehman Brothers Holdings Inc. priced $2.5 billion 6.875% 10-year senior unsecured notes on Thursday to yield Treasuries plus 320 basis points, an informed source said.
The non-callable notes (A1/A+/AA-) priced at 99.669 to yield 6.921%.
Lehman Brothers Inc. was the bookrunner.
The investment bank is based in New York City.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Senior unsecured notes
|
| Amount: | $2.5 billion
|
| Maturity: | May 2, 2018
|
| Bookrunner: | Lehman Brothers Inc.
|
| Coupon: | 6.875%
|
| Price: | 99.669
|
| Yield: | 6.921%
|
| Spread: | Treasuries plus 320 bps
|
| Call: | Non-callable
|
| Trade date: | April 17
|
| Settlement date: | April 24
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
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