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New Issue-City Natl Corp sells $300 mln snr notes
September 9, 2010 / 6:29 PM / 7 years ago

New Issue-City Natl Corp sells $300 mln snr notes

  Sept 9 (Reuters) - City National Corp CYN.N late
Wednesday sold $300 million of senior notes, said IFR, a
Thomson Reuters service.
  JP Morgan was the sole bookrunning manager for the sale.
BORROWER: CITY NATIONAL CORP
AMT $300 MLN      COUPON 5.250 PCT    MATURITY 9/15/2020 
TYPE SR NTS       ISS PRICE 99.738    FIRST PAY 3/15/2011
MOODY'S A1        YIELD 5.284 PCT     SETTLEMENT 9/13/2010
S&P BBB-PLUS      SPREAD 262.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH A-           MORE THAN TREAS    MAKE-WHOLE CALL 40 BPS

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