New Issue-Inmarsat Finance sells $650 mln in 8-yr notes

Thu Nov 12, 2009 5:13pm EST
 
[-] Text [+]
 Nov 12 (Reuters) - Inmarsat Finance on Thursday sold $650
million of senior unsecured notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
 Credit Suisse, Barclays, BNP Paribas and RBS were the joint
bookrunning managers for the sale.
BORROWER: INMARSAT FINANCE
AMT $650 MLN     COUPON 7.375 PCT    MATURITY 12/1/2017 
TYPE SR NTS      ISS PRICE 99.256    FIRST PAY 6/1/2010 
MOODY'S Ba2      YIELD 7.50 PCT      SETTLEMENT 11/27/2009
S&P BB-PLUS      SPREAD 428 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE 4 YRS 

 

More News

New Issue-Belo Corp sells $275 mln 7-year sr notes
Tuesday, 10 Nov 2009 05:56pm EST 
New Issue-United Rentals sells $500 mln notes
Tuesday, 10 Nov 2009 05:39pm EST 
New Issue-Triumph Group sells $175 mln notes
Tuesday, 10 Nov 2009 05:39pm EST 
New Issue-Massachusetts Electric sells $800 mln notes
Tuesday, 10 Nov 2009 03:42pm EST 

Featured Broker sponsored link