New Issue-CNA Financial sells $350 mln in 10-yr notes

Mon Nov 9, 2009 3:11pm EST 

  Nov 9 (Reuters) - CNA Financial Corp (CNA.N) on Monday
sold $350 million of senior unsecured notes, said IFR, a
Thomson Reuters service.
  Citi, JP Morgan and Wells Fargo were the joint bookrunning
managers for the sale.
BORROWER: CNA FINANCIAL CORPORATION
AMT $350 MLN      COUPON 7.35 PCT     MATURITY 11/15/2019
TYPE SR NTS        ISS PRICE 99.887   FIRST PAY 5/15/2010
MOODY'S Baa3      YIELD 7.366 PCT     SETTLEMENT 11/13/2009
S&P BBB-MINUS     SPREAD 387.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS    MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
Stocks
Bonds News
Bonds
Markets
Financials

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.