New Issue-Regions Financial sells $700 mln in 5-yr notes

Thu Nov 5, 2009 3:23pm EST

  Nov 5 (Reuters) - Regions Financial Corporation (RF.N) on
Thursday sold $700 million of five-year notes, said IFR, a
Thomson Reuters service.
 Goldman Sachs, JP Morgan, Morgan Keenan, and UBS were the
join bookrunning managers for the sale.
BORROWER: REGIONS FINANCIAL CORP
AMT $700 MLN      COUPON 7.75 PCT     MATURITY 11/10/2014
TYPE NOTES        ISS PRICE 98.986    FIRST PAY 5/10/2010
MOODY'S Baa3      YIELD 8.00 PCT      SETTLEMENT 11/10/2009
S&P TRIPLE-B      SPREAD 565.2 BPS    PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    NON-CALLABLE       

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