Mead Johnson sets price guidance on 3-part sale-IFR
NEW YORK |
NEW YORK Oct 29 (Reuters) - Mead Johnson Nutrition Co (MJN.N) on Thursday set price guidance on its $1.5 billion three-part debt sale, said IFR, a Thomson Reuters service.
The offering includes a five-year note tranche expected to yield between 120 and 130 basis points over comparable U.S. Treasuries and a 10-year note tranche expected to yield 145 to 155 basis points over Treasuries.
It also includes a 30-year bond issue expected to yield between 155 and 165 basis points over Treasuries.
The joint book managers are Citi and Morgan Stanley. (Reporting by Caryn Trokie; Editing by James Dalgleish)
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