New Issue-Prudential Financial sells $800 mln in debt

June 24 (Reuters) - Prudential Financial Inc (PRU.N) on
Tuesday sold $800 million in 60-year junior subordinated debt,
according to International Financing Review, a Thomson Reuters
publication.

The size of the deal was increased from the originally
planned $250 million.

Citigroup, Merrill Lynch, Morgan Stanley, UBS Investment
Bank, Wachovia, and J.P. Morgan were the joint bookrunning
managers for the sale.
BORROWER: PRUDENTIAL FINANCIAL INC.
AMT $800 MLN* COUPON 9.00 PCT MATURITY 6/15/2068**
TYPE JR SUB NTS ISS PRICE $25 PAR FIRST PAY 9/15/2008
MOODY'S Baa1 YIELD 9.00 PCT SETTLEMENT 6/30/2008
S&P A-MINUS SPREAD N/A PAY FREQ SEMI-ANNUAL
FITCH A-MINUS NON-CALLABLE 5 YRS
*IN 32 MILLION SHARES
**SCHEDULED INITIAL MATURITY 6/15/2038, FINAL MATURITY
6/15/2068