New Issue - WPP Finance UK sells $600 mln notes
June 3 (Reuters) - WPP Finance UK, a unit of WPP Group PLC (WPP.L) (WPPGY.O) on Wednesday sold $600 million of five-year notes, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $500 million.
Bank of America, Citigroup, and HSBC were the active bookrunning managers for the sale. Barclays, RBS, Santander, and BNP Paribas were the passive bookrunners. BORROWER: WPP FINANCE UK* AMT $600 MLN COUPON 8.00 PCT MATURITY 9/15/2014 TYPE NOTES ISS PRICE 99.969 FIRST PAY 9/15/2009 MOODY'S Baa2 YIELD 8.25 PCT SETTLEMENT 6/10/2009 S&P BBB SPREAD 579.3 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS** *GUARANTEED BY WPP PLC, WPP AIR 1 LTD, WPP 2008 LTD, AND WPP 2005 LTD **$101 COC PUT
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