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New Issue-Raytheon sells $500 mln in 10-yr notes

Thu Nov 12, 2009 1:00pm EST

Stocks

    
  Nov 12 (Reuters) - Raytheon Co (RTN.N) on Thursday sold
$500 million of notes, said IFR, a Thomson Reuters service.
  Bank of America and JPMorgan were the joint bookrunning
managers for the sale.
BORROWER: RAYTHEON COMPANY
AMT $500 MLN      COUPON 4.40 PCT     MATURITY 2/15/2020 
TYPE NOTES        ISS PRICE 99.755    FIRST PAY 8/15/2010
MOODY'S Baa1      YIELD 4.428 PCT     SETTLEMENT 11/19/2009
S&P A-MINUS       SPREAD 95 BPS       PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    MAKE-WHOLE CALL 20 BPS

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