New Issue-Limited Brands sells $500 mln in 10-yr notes

Tue Jun 16, 2009 5:33pm EDT
 
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  June 16 (Reuters) - Limited Brands Inc (LTD.N) on Tuesday
sold $500 million of 10-year senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  Bank of America and JP Morgan were the joint bookrunning
managers for the sale.
BORROWER: LIMITED BRANDS INC
AMT $500 MLN*     COUPON 8.50 PCT     MATURITY 6/16/2019 
TYPE SR NOTES     ISS PRICE 96.752    FIRST PAY 12/16/2009
MOODY'S Ba2       YIELD 9.000 PCT     SETTLEMENT 6/19/2009
S&P DOUBLE-B      SPREAD 534 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS**
 *$483.76 MLN PROCEEDS TO ISSUER
**EQUITY CLAW: 3-YR 35 PCT AT 108.50

 

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