New Issue-Travelers Cos sells $1.5 bln notes in 3 parts

May 23 (Reuters) - The Travelers Companies, Inc. on
Wednesday sold $1.5 billion in three-part notes, said joint
lead manager Deutsche Bank Securities, Inc.

Banc of America Securities LLC and Wachovia Securities,
Inc. were the other joint lead managers for the sale.
BORROWER: THE TRAVELERS COMPANIES, INC.
FIRST TRANCHE:
AMT $250 MLN COUPON 5.375 PCT MATURITY 6/15/2012
TYPE NOTES ISS PRICE 99.518 FIRST PAY 12/15/2007
MOODY'S A3 YIELD N/A SETTLEMENT 5/29/2007
S&P A-MINUS SPREAD 70 BPS PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE-CALL 12.5 BPS

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SECOND TRANCHE:
AMT $450 MLN COUPON 5.75 PCT MATURITY 12/15/2017
TYPE NOTES ISS PRICE 99.738 FIRST PAY 12/15/2007
MOODY'S A3 YIELD N/A SETTLEMENT 5/29/2007
S&P A-MINUS SPREAD 92 BPS PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE-CALL 15 BPS

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THIRD TRANCHE:
AMT $800 MLN COUPON 6.25 PCT MATURITY 6/15/2037
TYPE NOTES ISS PRICE 98.648 FIRST PAY 12/15/2007
MOODY'S A3 YIELD N/A SETTLEMENT 5/29/2007
S&P A-MINUS SPREAD 132 BPS PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE-CALL 20 BPS

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