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Bonds News

McKesson Corp sells $1 bln notes in 2 parts-source

NEW YORK, Feb 28 (Reuters) - McKesson Corp. MCK.N, the drug wholesaler, on Wednesday sold $1 billion of notes in two parts, a source familiar with the transaction said.

The sale included $500 million of 5.25 percent six-year notes, priced at 99.53 to yield 5.333 percent, or 0.83 percentage point over comparable U.S. Treasuries.

Also included were $500 million of 5.70 percent 10-year notes priced at 99.835 to yield 5.722 percent, 1.17 percentage points over Treasuries.

Banc of America Securities and Wachovia Securities were the joint lead managers of the sale, the source said.

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