New Issue-Sprint Nextel Corp sells $1.3 bln snr notes

Aug 10 (Reuters) - Telecommunications provider Sprint
Nextel Corp (S.N) sold $1.3 billion of senior notes late
Monday, IFR, a Thomson Reuters service, said.

The size of the deal was increased from an originally
planned $500 million.

JP Morgan, Citigroup, and Wells Fargo were the joint
bookrunning managers for the sale.
BORROWER: SPRINT NEXTEL CORP
AMT $1.3 BLN COUPON 8.375 PCT MATURITY 8/15/2017
TYPE SR NOTES ISS PRICE 98.575 FIRST PAY 2/15/2010
MOODY'S Ba2 YIELD 8.625 PCT SETTLEMENT 8/13/2009
S&P DOUBLE-B SPREAD 506 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS