New Issue-Deere & Co sells $1.25 bln in two parts

Tue Oct 13, 2009 5:58pm EDT
 
[-] Text [+]
  Oct 13 (Reuters) - Deere & Co (DE.N) on Tuesday sold $1.25
billion of notes in two parts, said IFR, a Thomson Reuters
service.
  Citigroup, Deutsche Bank, and JPMorgan were the joint
bookrunning managers for the sale.
BORROWER: DEERE & CO
FIRST TRANCHE:
AMT $750 MLN      COUPON 4.375 PCT    MATURITY 10/16/2019
TYPE NOTES        ISS PRICE 99.456    FIRST PAY 4/16/2010
MOODY'S A2        YIELD 4.443 PCT     SETTLEMENT 10/16/2009
S&P SINGLE-A      SPREAD 110 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE       
SECOND TRANCHE:
AMT $500 MLN      COUPON 5.375 PCT    MATURITY 10/16/2029
TYPE NOTES        ISS PRICE 99.769    FIRST PAY 4/16/2010
MOODY'S A2        YIELD 5.394 PCT     SETTLEMENT 10/16/2009
S&P SINGLE-A      SPREAD 120 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE       


 

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