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New Issue-Discover Financial sells $400 mln in notes

Fri Jul 10, 2009 5:54pm EDT

Stocks

    
  July 10 (Reuters) - Discover Financial Services (DFS.N) on
Thursday sold $400 million of 10-year senior notes, said IFR, a
Thomson Reuters service.
  JP Morgan was the sole bookrunning manager for the sale.
BORROWER: DISCOVER FINANCIAL SERVICES
AMT $400 MLN      COUPON 10.25 PCT    MATURITY 7/15/2019 
TYPE SR NOTES     ISS PRICE 100       FIRST PAY 1/15/2010
MOODY'S Ba1       YIELD 10.25 PCT     SETTLEMENT 7/15/2009
S&P BBB-MINUS     SPREAD 694.7 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS    MORE THAN TREAS    COC PUT $101



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