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New Issue-Merck & Co Inc sells $2.5 bln in 3 parts
Sept 10 (Reuters) - Merck & Co Inc on Monday sold
$2.5 billion of notes in three parts, said IFR, a Thomson
Reuters service.
Bank of America Merrill Lynch, Citigroup, and JP Morgan were
the joint bookrunning managers for the sale.
BORROWER: MERCK & CO INC
TRANCHE 1
AMT $1 BLN COUPON 1.1 PCT MATURITY 01/31/2018
TYPE NTS ISS PRICE 99.797 FIRST PAY 07/31/2013
MOODY'S A1 YIELD 1.139 PCT SETTLEMENT 09/13/2012
S&P DOUBLE-A SPREAD 50 BPS PAY FREQ SEMI-ANNUAL
FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE CALL 10 BPS
TRANCHE 2
AMT $1 BLN COUPON 2.4 PCT MATURITY 09/15/2022
TYPE NTS ISS PRICE 99.965 FIRST PAY 03/15/2013
MOODY'S A1 YIELD 2.404 PCT SETTLEMENT 09/13/2012
S&P DOUBLE-A SPREAD 75 BPS PAY FREQ SEMI-ANNUAL
FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE CALL 12.5 BPS
TRANCHE 3
AMT $500 MLN COUPON 3.6 PCT MATURITY 09/15/2042
TYPE NTS ISS PRICE 98.411 FIRST PAY 03/15/2013
MOODY'S A1 YIELD 3.688 PCT SETTLEMENT 09/13/2012
S&P DOUBLE-A SPREAD 90 BPS PAY FREQ SEMI-ANNUAL
FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE CALL 15 BPS
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