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IBM sells $2 bln notes in two parts - mkt source
NEW YORK |
NEW YORK Nov 3 (Reuters) - International Business Machines Corp (IBM.N) on Tuesday sold $2 billion notes in a two-part sale, said a market source familiar with the transaction.
The offering included $750 million in two-year floating-rate notes with a coupon rate of 4 basis points over the three-month London interbank offered rate. It also included $1.25 billion in 3.5-year notes priced to yield 70 basis points over comparable U.S. Treasuries.
The joint book managers on the sale were Morgan Stanley, Citi and HSBC. (Reporting by Caryn Trokie; Editing by Dan Grebler)
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