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New Issue-WR Berkley sells $300 mln in 10-yr notes
September 13, 2010 / 6:50 PM / 7 years ago

New Issue-WR Berkley sells $300 mln in 10-yr notes

  Sept 13 (Reuters) - WR Berkley Corp (WRB.N) on Monday sold $300 million of notes, said IFR, a Thomson Reuters service.
 Bank of America Merrill Lynch was the active bookrunning manager for the sale. BORROWER: W.R. BERKLEY CORP AMT $300 MLN      COUPON 5.375 PCT    MATURITY 9/15/2020  TYPE NOTES        ISS PRICE 99.710    FIRST PAY 3/15/2011 MOODY‘S Baa2      YIELD 5.413 PCT     SETTLEMENT 9/16/2010 S&P BBB-PLUS      SPREAD 265 BPS      PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS  

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