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Bonds News

New Issue-Burlington Northern sells $750 mln

 Sept 8 (Reuters) - Burlington Northern Santa Fe LLC on
Tuesday sold $750 million of senior unsecured notes in two
parts on Tuesday, said IFR, a Thomson Reuters service.
 The size of the deal was increased from an originally
planned $500 million.
 Bank of America Merrill Lynch, Barclays and Wells Fargo
Securities were the joint bookrunning managers for the sale.
BORROWER: BURLINGTON NORTHERN SANTA FE LLC
TRANCHE 1                                                
AMT $250 MLN    COUPON 3.60 PCT     MATURITY 9/1/2020  
TYPE SR NTS     ISS PRICE 99.868    FIRST PAY 3/1/2011 
MOODY'S A3      YIELD 3.616 PCT     SETTLEMENT 9/10/2010
S&P BBB-PLUS    SPREAD 100 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    MAKE-WHOLE CALL 15 BPS
TRANCHE 2                                              
AMT $500 MLN    COUPON 5.05 PCT     MATURITY 3/1/2041  
TYPE SR NTS     ISS PRICE 99.631    FIRST PAY 3/1/2011 
MOODY'S A3      YIELD 5.074 PCT     SETTLEMENT 9/10/2010
S&P BBB-PLUS    SPREAD 140 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS


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