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New Issue-CNA Financial sells $350 mln in 10-yr notes

Mon Nov 9, 2009 3:11pm EST

Stocks

    
  Nov 9 (Reuters) - CNA Financial Corp (CNA.N) on Monday
sold $350 million of senior unsecured notes, said IFR, a
Thomson Reuters service.
  Citi, JP Morgan and Wells Fargo were the joint bookrunning
managers for the sale.
BORROWER: CNA FINANCIAL CORPORATION
AMT $350 MLN      COUPON 7.35 PCT     MATURITY 11/15/2019
TYPE SR NTS        ISS PRICE 99.887   FIRST PAY 5/15/2010
MOODY'S Baa3      YIELD 7.366 PCT     SETTLEMENT 11/13/2009
S&P BBB-MINUS     SPREAD 387.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS    MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS

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