New Issue-Mead Johnson sells $1.5 bln in three parts

Oct 29 (Reuters) - Mead Johnson Nutrition Company (MJN.N)
on Thursday sold $1.5 billion of notes in a three-part debt
sale in the 144a private placement market, said IFR, a Thomson
Reuters service.

Citi and Morgan Stanley were the joint bookrunning managers
for the sale.
BORROWER: MEAD JOHNSON NUTRITION COMPANY
FIRST TRANCHE:
AMT $500 MLN COUPON 3.50 PCT MATURITY 11/1/2014
TYPE NOTES ISS PRICE 99.552 FIRST PAY 5/1/2010
MOODY'S Baa1 YIELD 3.599 PCT SETTLEMENT 11/5/2009
S&P BBB-MINUS SPREAD 120 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 20 BPS
SECOND TRANCHE:
AMT $700 MLN COUPON 4.90 PCT MATURITY 11/1/2019
TYPE NOTES ISS PRICE 99.649 FIRST PAY 5/1/2010
MOODY'S Baa1 YIELD 4.945 PCT SETTLEMENT 11/5/2009
S&P BBB-MINUS SPREAD 145 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
THIRD TRANCHE:
AMT $300 MLN COUPON 5.90 PCT MATURITY 11/1/2039
TYPE NOTES ISS PRICE 99.973 FIRST PAY 5/1/2010
MOODY'S Baa1 YIELD 5.902 PCT SETTLEMENT 11/5/2009
S&P BBB-MINUS SPREAD 155 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 30 BPS