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New Issue-Capital One VI sells $1 bln securities

Mon Nov 9, 2009 4:00pm EST

Stocks

    
  Nov 9 (Reuters) - Capital One Capital VI on Monday sold $1
billion of cumulative trust preferred securities, said IFR, a
Thomson Reuters service.
  The issue is guaranteed by Capital One Financial Corp
(COF.N).
  Citibank, Barclays, and Wells Fargo were the joint
bookrunning managers for the sale.
BORROWER: CAPITAL ONE CAPITAL
AMT $1 BLN        COUPON 8.875 PCT    MATURITY 5/15/2040 
TYPE SECS         ISS PRICE 98.705    FIRST PAY 5/15/2010
MOODY'S Baa2      YIELD 9.00 PCT      SETTLEMENT 11/13/2009
S&P DOUBLE-B      SPREAD 459.9 BPS    PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 75 BPS



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