November 13, 2012 / 7:56 PM / 5 years ago

New Issue- Dr Pepper Snapple sells $500 mln notes in 2 parts

Nov 13 (Reuters) - Dr Pepper Snapple Group Inc on
Tuesday sold $500 million senior notes in a two-part deal, said
IFR, a Thomson Reuters service. 
    Bank of America Merrill Lynch and J.P. Morgan were the joint
bookrunning managers for the sale.

BORROWER: DR PEPPER SNAPPLE
    
TRANCHE 1
AMT $250 MLN    COUPON 2 PCT       MATURITY    01/15/2020   
TYPE SR NTS     ISS PRICE 99.225   FIRST PAY   01/15/2013 
MOODY'S Baa1    YIELD 2.117 PCT    SETTLEMENT  11/20/2012   
S&P TRIPLE-B    SPREAD 110 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 20 BPS
    
TRANCHE 2
AMT $250 MLN    COUPON 2.7 PCT     MATURITY    11/15/2022   
TYPE SR NTS     ISS PRICE 99.627   FIRST PAY   05/15/2013 
MOODY'S Baa1    YIELD 2.743 PCT    SETTLEMENT  11/20/2012   
S&P TRIPLE-B    SPREAD 115 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 20 BPS

0 : 0
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