New Issue-MeadWestvaco Corp sells $250 mln in 10-yr notes

Mon Aug 17, 2009 3:32pm EDT 

  Aug 17 (Reuters) - Global packaging company MeadWestvaco Corp (MWV.N) on
Monday sold $250 million of 10-year notes, said IFR, a Thomson Reuters
service.
 Bank of America and Barclays were the active joint bookrunning managers for
the sale. Citigroup and UBS were the passive joint bookrunning managers for the
sale.
BORROWER: MEADWESTVACO CORP
AMT $250 MLN      COUPON 7.375 PCT    MATURITY 9/1/2019  
TYPE NOTES        ISS PRICE 99.218    FIRST PAY 3/1/2010 
MOODY'S Ba1       YIELD 7.487 PCT     SETTLEMENT 8/24/2009
S&P BBB           SPREAD 400 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 60 BPS
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