New Issue: Bear Stearns prices $3 billion 7.25% 10-year notes at Treasuries plus 362.5 bps

By Andrea Heisinger

Omaha, Jan. 29 - The Bear Stearns Cos. Inc. priced $3 billion 7.25% 10-year senior global notes Tuesday to yield Treasuries plus 362.5 basis points, market sources said.

The non-callable notes (A2/A/A+) priced at 99.726 to yield 7.289%.

Bookrunner was Bear Stearns & Co. Inc.

Co-managers were Citigroup Global Markets Inc.; RBC Capital Markets Corp.; Banc of America Securities LLC; BB&T Capital Markets, a division of Scott & Stringfellow, Inc.; the Bank of Tokyo-Mitsubishi UFJ Securities, Inc.; DZ Financial Markets, LLC; HSBC Securities Inc.; Scotia Capital Inc.; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities, LLC.

The investment bank is based in New York City.

Issuer:	The Bear Stearns Cos. Inc.
Issue:	Senior global notes
Amount:	$3 billion
Maturity:	Feb. 1, 2018
Bookrunner:	Bear Stearns & Co., Inc.
Co-managers:	Citigroup Global Markets Inc.; RBC Capital Markets Corp.; Banc of America Securities LLC; BB&T Capital Markets, a division of Scott & Stringfellow, Inc.; the Bank of Tokyo-Mitsubishi UFJ Securities, Inc.; DZ Financial Markets, LLC; HSBC Securities Inc.; Scotia Capital Inc.; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities, LLC
Coupon:	7.25%
Price:	99.726
Yield:	7.289%
Spread:	Treasuries plus 362.5 bps
Call:	Non-callable
Trade date:	Jan. 29
Settlement date:	Feb. 1
Ratings:	Moody's: A2
	Standard & Poor's: A
	Fitch: A+

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