By Andrea Heisinger
Omaha, May 2 - Lehman Brothers Holdings Inc. priced $2 billion of 7.5% 30-year subordinated notes on Friday to yield Treasuries plus 305 basis points, an informed source said.
The non-callable notes (A2/A/A+) priced at 99.279 to yield 7.561%.
Lehman Brothers Inc. was the bookrunner.
The investment bank is based in New York City.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Subordinated notes
|
| Amount: | $2 billion
|
| Maturity: | May 11, 2038
|
| Bookrunner: | Lehman Brothers Inc.
|
| Coupon: | 7.5%
|
| Price: | 99.279
|
| Yield: | 7.561%
|
| Spread: | Treasuries plus 305 bps
|
| Call: | Non-callable
|
| Trade date: | May 2
|
| Settlement date: | May 9
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
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