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New Issue-France Telecom sells $2.5 bln in 2 parts

Mon Jun 29, 2009 5:17pm EDT

Stocks

    
 June 29 (Reuters) - France Telecom (FTE.PA) on Monday sold
$2.5 billion of notes in two parts, said IFR, a Thomson Reuters
service.
 The size of the deal was increased form an originally
planned $2 billion.
 Bank of America and JP Morgan were the active bookrunning
managers for the sale. BNP Paribas, Goldman Sachs, and Morgan
Stanley were the passive bookrunning managers.
BORROWER: FRANCE TELECOM
FIRST TRANCHE:
AMT $1.25 BLN     COUPON 4.375 PCT    MATURITY 7/8/2014  
TYPE NOTES        ISS PRICE 99.543    FIRST PAY 1/8/2010 
MOODY'S A3        YIELD 4.478 PCT     SETTLEMENT 7/7/2009
S&P A-MINUS       SPREAD 195 BPS/     PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    MAKE-WHOLE-CALL 30 BPS
SECOND TRANCHE:
AMT $1.25 BLN     COUPON 5.375 PCT    MATURITY 7/8/2019  
TYPE NOTES        ISS PRICE 99.488    FIRST PAY 1/8/2010 
MOODY'S A3        YIELD 5.442 PCT     SETTLEMENT 7/7/2009
S&P A-MINUS       SPREAD 195 BPS/     PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    MAKE-WHOLE-CALL 30 BPS

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