• Most Popular
  • Most Shared

Finmeccanica prices bond tranches-leads

Wed Jul 8, 2009 4:35pm EDT

Stocks

   

MILAN, July 8 (Reuters) - Italian defence company Finmeccanica SpA (SIFI.MI) priced the 10-year and 30-year tranches of its dollar-denominated bond for a total of $800 million on Wednesday, two lead managers close to the operation told Reuters.

The group priced a $500 million 10-year bond tranche with a coupon of 6.25 percent and a total yield of 6.356 percent, the leads said on Wednesday.

The group also priced a $300 million 30-year bond tranche with a coupon of 7.375 percent and a total yield of 7.482 percent, they added.

(Reporting by Gabriella Bruschi, writing by Stephen Jewkes)



More from Reuters

Photo

U.S. home sales bolster economic growth prospects

WASHINGTON (Reuters) - Sales of previously owned U.S. homes jumped to the highest level in nearly three years last month, the latest sign the economic recovery was gaining steam after growing below expectations in the third quarter.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Two men is reflected on a glass wall of Exhibitions Central in Dubai December 21, 2009, where Dubai World's western bank creditors are meeting. REUTERS/Ahmed Jadallah
Analysis:

Dubai, it's time to get creative

Scrambling to rebuild its image after a $26 billion debt bombshell, Dubai needs to raise cash without the PR nightmare of raising taxes.  Full Article 

Global Markets