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New Issue-Thomas & Betts sells $250 mln notes

Mon Nov 16, 2009 1:45pm EST

Stocks

    
  Nov 16 (Reuters) - Thomas & Betts (TNB.N) on Monday sold
$250 million of notes, said IFR, a Thomson Reuters service.
  Bank of America, JP Morgan, and Wells Fargo were the joint
bookrunning managers for the sale.
BORROWER: THOMAS & BETTS
AMT $250 MLN      COUPON 5.625 PCT    MATURITY 11/15/2021
TYPE NOTES        ISS PRICE 99.186    FIRST PAY 5/15/2010
MOODY'S Baa2      YIELD 5.72 PCT      SETTLEMENT 11/23/2009
S&P TRIPLE-B      SPREAD 237.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 40 BPS

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