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New Issue-Merck & Co Inc sells $2.5 bln in 3 parts
September 10, 2012 / 11:51 PM / 5 years ago

New Issue-Merck & Co Inc sells $2.5 bln in 3 parts

Sept 10 (Reuters) - Merck & Co Inc on Monday sold
$2.5 billion of notes in three parts, said IFR, a Thomson
Reuters service. 
    Bank of America Merrill Lynch, Citigroup, and JP Morgan were
the joint bookrunning managers for the sale.

BORROWER: MERCK & CO INC 

TRANCHE 1
AMT $1 BLN      COUPON 1.1 PCT     MATURITY    01/31/2018
TYPE NTS        ISS PRICE 99.797   FIRST PAY   07/31/2013 
MOODY'S A1      YIELD 1.139 PCT    SETTLEMENT  09/13/2012   
S&P DOUBLE-A    SPREAD 50 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS    MORE THAN TREAS    MAKE-WHOLE CALL 10 BPS
    
TRANCHE 2
AMT $1 BLN      COUPON 2.4 PCT     MATURITY    09/15/2022
TYPE NTS        ISS PRICE 99.965   FIRST PAY   03/15/2013 
MOODY'S A1      YIELD 2.404 PCT    SETTLEMENT  09/13/2012   
S&P DOUBLE-A    SPREAD 75 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS    MORE THAN TREAS    MAKE-WHOLE CALL 12.5 BPS
    
TRANCHE 3
AMT $500 MLN    COUPON 3.6 PCT     MATURITY    09/15/2042
TYPE NTS        ISS PRICE 98.411   FIRST PAY   03/15/2013 
MOODY'S A1      YIELD 3.688 PCT    SETTLEMENT  09/13/2012   
S&P DOUBLE-A    SPREAD 90 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS    MORE THAN TREAS    MAKE-WHOLE CALL 15 BPS

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