Broker Center sponsored links

New Issue-PartnerRe Finance sells $250 mln notes

Wed May 21, 2008 6:24pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]
  May 21 (Reuters) - PartnerRe Finance A LLC, a unit of
PartnerRe Ltd (PRE.N: Quote, Profile, Research, Stock Buzz), on Wednesday sold $250 million of
10-year senior notes, said market sources.
  Credit Suisse and Wachovia Securities were the joint
bookrunning managers for the sale.
BORROWER: PARTNERRE FINANCE A LLC*
AMT $250 MLN    COUPON 6.875 PCT    MATURITY 6/1/2018   
TYPE SR NTS     ISS PRICE 99.110    FIRST PAY 12/1/2008 
MOODY'S A2      YIELD 7.00 PCT      SETTLEMENT 5/27/2008
S&P SINGLE-A    SPREAD 318.8 BPS    PAY FREQ SEMI-ANNUAL
FITCH A-PLUS     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
*GUARANTEED BY PARTNERRE LTD

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters