New Issue-Xerox sells $2 bln in three parts

Dec 1 (Reuters) - Xerox Corp (XRX.N) on Tuesday sold $2
billion of senior notes in three parts, said IFR, a Thomson
Reuters service.

Bank of America Merrill Lynch, Citi, and JP Morgan were the
joint bookrunning managers for the sale.
BORROWER: XEROX CORP
FIRST TRANCHE:
AMT $1 BLN COUPON 4.25 PCT MATURITY 2/15/2015
TYPE SR NTS ISS PriCE 99.808 FIRST PAY 8/15/2010
MOODY'S Baa2 YIELD 4.289 PCT SETTLEMENT 12/4/2009
S&P TRIPLE-B SPREAD 225 BPS PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 35 BPS
SECOND TRANCHE:
AMT $650 MLN COUPON 5.625 PCT MATURITY 12/15/2019
TYPE SR NTS ISS PRICE 99.725 FIRST PAY 6/15/2010
MOODY'S Baa2 YIELD 5.661 PCT SETTLEMENT 12/4/2009
S&P TRIPLE-B SPREAD 237.5 BPS PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
THIRD TRANCHE:
AMT $350 MLN COUPON 6.75 PCT MATURITY 12/15/2039
TYPE SR NTS ISS PRICE 99.588 FIRST PAY 6/15/2010
MOODY'S Baa2 YIELD 6.782 PCT SETTLEMENT 12/4/2009
S&P TRIPLE-B SPREAD 250 BPS PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 37.5 BPS
((New Issue by Thomson Reuters; +1-646-223-6886 e-mail:
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