New Issue-Baker Hughes sells $1.25 bln notes in 2 parts

Thu Oct 23, 2008 4:47pm EDT 

  Oct 23 (Reuters) - Oilfield services company Baker Hughes
Inc (BHI.N) on Thursday sold $1.25 billion in five- and 10-year
senior notes, said IFR, a Thomson Reuters publication.
  Banc of America Securities, Citigroup Global Markets, and
JP Morgan were the joint bookrunning managers for the sale.
BORROWER: BAKER HUGHES INC
FIRST TRANCHE:
AMT $500 MLN      COUPON 6.50 PCT    MATURITY 11/15/2013
TYPE SR NOTES     ISS PRICE 99.762   FIRST PAY 5/15/2009
MOODY'S A2        YIELD 6.555 PCT    SETTLEMENT 10/28/2008
S&P SINGLE-A      SPREAD 400 BPS     PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A     MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
                                   MORE THAN TREAS
SECOND TRANCHE:
AMT $750 MLN      COUPON 7.50 PCT     MATURITY 11/15/2018
TYPE SR NOTES     ISS PRICE 99.444    FIRST PAY 5/15/2009
MOODY'S A2        YIELD 7.579 PCT     SETTLEMENT 10/28/2008
S&P SINGLE-A      SPREAD 400 BPS      PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
                                    MORE THAN TREAS
Stocks
Bonds News
Bonds
IPOs
Markets

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.