New Issue - Lowe's Cos sells $1.3 bln in 3 parts
Sept 6 (Reuters) - Lowe's Companies, Inc. (LOW.N) the
world's second largest home improvement retailer, on Thursday
sold $1 billion in three parts, said market sources.
The size of the deal was increased from an originally planned $1 billion.
J.P. Morgan, Merrill Lynch, and Wachovia Capital Markets were the joint lead managers for the sale, the sources said. BORROWER: LOWE'S COMPANIES INC AMT $550 MLN COUPON 5.60 PCT MATURITY 9/15/2012 TYPE NOTES ISS PRICE 99.831 FIRST PAY 3/15/2008 MOODY'S A1 YIELD 5.639 PCT SETTLEMENT 9/11/2007 S&P SINGLE-A-PLUS SPREAD 143 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 20 BPS
MORE THAN TREAS AMT $250 MLN COUPON 6.10 PCT MATURITY 9/15/2017 TYPE NOTES ISS PRICE 99.918 FIRST PAY 3/15/2008 MOODY'S A1 YIELD 6.111 PCT SETTLEMENT 9/11/2007 S&P SINGLE-A-PLUS SPREAD 160 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
MORE THAN TREAS AMT $500 MLN COUPON 6.65 PCT MATURITY 9/15/2012 TYPE BONDS ISS PRICE 99.587 FIRST PAY 3/15/2008 MOODY'S A1 YIELD 6.682 PCT SETTLEMENT 9/11/2007 S&P SINGLE-A-PLUS SPREAD 188 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE * $101 COC PUT (New Issue by Reuters; Email: uscorpbonds@reuters.com; 1-914-989-5443))
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