New Issue-Emerson Electric sells $600 mln in two parts

Tue Nov 10, 2009 1:17pm EST

 Nov 10 (Reuters) - Emerson Electric Co (EMR.N) on Tuesday
sold $600 million of notes in two parts, said IFR, a Thomson
Reuters service.
 Citigroup and JPMorgan were the joint bookrunning managers
for the sale.
BORROWER: EMERSON ELECTRIC COMPANY
FIRST TRANCHE:
AMT $300 MLN    COUPON 4.25 PCT     MATURITY 11/15/2020
TYPE NOTES      ISS PRICE 99.47     FIRST PAY 5/15/2010
MOODY'S A2      YIELD 4.311 PCT     SETTLEMENT 11/16/2009
S&P A-SINGLE    SPREAD 85 BPS       PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    NON-CALLABLE       
SECOND TRANCHE:
AMT $300 MLN      COUPON 5.25 PCT     MATURITY 11/15/2039
TYPE NOTES        ISS PRICE 98.868    FIRST PAY 5/15/2010
MOODY'S A2        YIELD 5.326 PCT     SETTLEMENT 11/16/2009
S&P A-SINGLE      SPREAD 95 BPS       PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE       


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