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IBM sets price guidance on two-part sale -IFR
NEW YORK |
NEW YORK Nov 3 (Reuters) - International Business Machine Corp (IBM.N) on Tuesday set price guidance on its two-part note sale, said IFR, a Thomson Reuters service.
The offering includes a two-year floating-rate note issue that is expected to have a coupon rate of 5 basis points over the three-month London interbank offered rate, and a 3.5-year fixed-rate note issue expected to yield about 70 basis points over comparable U.S. Treasuries.
No dollar sizes have been determined yet.
The joint lead managers on the sale are Citigroup, HSBC and Morgan Stanley. (Reporting by Caryn Trokie; Editing by Leslie Adler)
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