Published on 3/11/2003 in the Prospect News Convertibles Daily.
New Issue: Salomon sells $10.35 million 0.5% notes exchangeable for LabCorp
New York, March 11 - Salomon Smith Barney Holdings Inc. sold $10.35 million 0.5% 10-year notes exchangeable for the common stock of Laboratory Corporation of America Holdings, according to a filing with the Securities and Exchange Commission.
| Issuer: | Salomon Smith Barney Holdings Inc.
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| Issue: | Exchangeable medium-term notes
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| Amount: | $10.35 million
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| Maturity: | March 13, 2013
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| Coupon: | 0.50%
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| Price: | Par
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| Exchange ratio: | 27.5596 from April 14, 2003 onwards
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| Call: | Jan. 11, 2006 onwards, automatic exchange if stock is worth more than $1,000 par value
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| Settlement: | March 13
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| Underwriter: | Salomon Smith Barney
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| Cusip: | 79549BLT2
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