New Issue-Lincoln National sells $500 mln in 10-yr snr nts

June 17 (Reuters) - Insurance company Lincoln National
Corporation (LNC.N) on Wednesday sold $500 million of 10-year
senior notes, said IFR, a Thomson Reuters service.

Bank of America and J.P. Morgan were the active
bookrunners for the sale. Citigroup was the passive
bookrunner.
BORROWER: LINCOLN NATIONAL CORPORATION
AMT $500 MLN COUPON 8.75 PCT MATURITY 7/1/2019
TYPE SR NOTES ISS PRICE 99.033 FIRST PAY 1/1/2010
MOODY'S Baa2 YIELD 8.897 PCT SETTLEMENT 6/22/2009
S&P A-MINUS SPREAD 525 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB MORE THAN TREAS MAKE-WHOLE CALL 50 BPS