IBM launches $2 bln two-part note sale - IFR

NEW YORK Nov 3 (Reuters) - International Business Machine Corp (IBM.N) on Tuesday launched a $2 billion two-part note sale, said IFR, a Thomson Reuters service.

The offering includes $750 million in two-year floating-rate notes with an expected coupon rate of 4 basis points over the three-month London interbank offered rate. It also includes $1.25 billion in 3.5-year notes expected to yield 70 basis points over comparable U.S. Treasuries.

The joint lead managers on the sale are Citi, HSBC and Morgan Stanley. (Reporting by Caryn Trokie; Editing by Dan Grebler)