IBM sells $1 bln 3-yr floating-rate notes-source
NEW YORK, July 23
NEW YORK, July 23 (Reuters) - International Business Machines (IBM.N) on Wednesday sold $1 billion in three-year floating-rate notes, said a market source familiar with the sale.
The notes have a coupon rate of 0.58 percentage point over the three-month London interbank offered rate (Libor).
The joint lead managers on the sale were Barclays Capital, Merrill Lynch, Lehman Brothers and Morgan Stanley. (Reporting by Caryn Trokie)
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