Time Warner Cable sells $2 bln of 5-, 10-year bonds

NEW YORK, Nov 13 (Reuters) - Time Warner Cable (TWC.N) on Thursday sold $2 billion of 5-year and 10-year bonds to help fund a special dividend of $10.9 billion, Thomson Reuters publication IFR reported.

The company sold $750 million in five-year notes priced at 99.849 to yield 8.291 percent, or 590 basis points over comparable U.S. Treasuries.

It sold $1.25 billion in 10-year bonds at 98.465 to yield 8.986 percent, or 525 basis points over Treasuries.

The dividend is part of the separation of Time Warner Cable from Time Warner Inc. (Reporting by Ciara Linnane; editing by Gary Crosse)