New Issue-Diamond Offshore Drilling sells $500 mln in 10-yr debt

April 29 (Reuters) - Deepwater driller Diamond Offshore
Drilling, Inc (DO.N) on Wednesday sold $500 million of 10-year
notes, said IFR, a Thomson Reuters service.

Goldman Sachs and J.P. Morgan were the joint bookrunning
managers for the sale.
BORROWER: DIAMOND OFFSHORE DRILLING, INC
AMT $500 MLN COUPON 5.875 PCT MATURITY 5/1/2019
TYPE NOTES ISS PRICE 99.851 FIRST PAY 11/1/2009
MOODY'S Baa1 YIELD 5.895 PCT SETTLEMENT 5/4/2009
S&P A-MINUS SPREAD 287.5 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 45 BPS