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New Issue - Dell sells $1.0 bln in two parts
June 10, 2009 / 7:23 PM / 8 years ago

New Issue - Dell sells $1.0 bln in two parts

  June 10 (Reuters) -  Dell Inc DELL.O, the world's No. 2
PC maker, on Wednesday sold $1 billion in a two-part debt sale,
said IFR, a Thomson Reuters service.
  Bank of America, Deutsche Bank, and HSBC were the joint
bookrunning managers for the sale.
BORROWER: DELL INC
FIRST TRANCHE:
AMT $400 MLN      COUPON 3.375 PCT    MATURITY 6/15/2012 
TYPE NOTES        ISS PRICE 99.932    FIRST PAY 12/15/2009
MOODY'S A2        YIELD 3.399 PCT     SETTLEMENT 6/15/2009
S&P A-MINUS       SPREAD 150 BPS      PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A     MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS
SECOND TRANCHE:
AMT $600 MLN      COUPON 5.875 PCT    MATURITY 6/15/2019 
TYPE NOTES        ISS PRICE 99.933    FIRST PAY 12/15/2009
MOODY'S A2        YIELD 5.884 PCT     SETTLEMENT 6/15/2009
S&P A-MINUS       SPREAD 195 BPS      PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A     MORE THAN TREAS    MAKE-WHOLE CALL 30 BPS


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