October 29, 2009 / 4:00 PM / 10 years ago

Mead Johnson sets price guidance on 3-part sale-IFR

NEW YORK, Oct 29 (Reuters) - Mead Johnson Nutrition Co MJN.N on Thursday set price guidance on its $1.5 billion three-part debt sale, said IFR, a Thomson Reuters service.

The offering includes a five-year note tranche expected to yield between 120 and 130 basis points over comparable U.S. Treasuries and a 10-year note tranche expected to yield 145 to 155 basis points over Treasuries.

It also includes a 30-year bond issue expected to yield between 155 and 165 basis points over Treasuries.

The joint book managers are Citi and Morgan Stanley. (Reporting by Caryn Trokie; Editing by James Dalgleish)

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