Reuters logo
New Issue - Dow Chemical sells $2.5 bln in 2 parts
November 7, 2012 / 2:35 PM / 5 years ago

New Issue - Dow Chemical sells $2.5 bln in 2 parts

Nov 7 (Reuters) - The Dow Chemical Co on Tuesday
sold $2.5 billion of senior unsecured notes in two parts, said
IFR, a Thomson Reuters service. 
    HSBC, Goldman Sachs, J.P. Morgan and SMBC were the joint
bookrunning managers for the sale.

BORROWER: DOW CHEMICAL

TRANCHE 1
AMT $1.25 BLN   COUPON 3 PCT       MATURITY    11/15/2022   
TYPE SR NTS     ISS PRICE 98.266   FIRST PAY   05/15/2013 
MOODY'S Baa2    YIELD 3.204 PCT    SETTLEMENT  11/14/2012   
S&P TRIPLE-B    SPREAD 145 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 25 BPS

TRANCHE 2
AMT $1.25 BLN   COUPON 4.375 PCT   MATURITY    11/15/2042   
TYPE SR NTS     ISS PRICE 97.84    FIRST PAY   05/15/2013 
MOODY'S Baa2    YIELD 4.507 PCT    SETTLEMENT  11/14/2012   
S&P TRIPLE-B    SPREAD 160 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 25 BPS

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below