June 2, 2009 / 8:32 PM / 10 years ago

New Issue-NRG Energy sells $700 mln in 10-yr snr notes

  June 2 (Reuters) - NRG Energy (NRG.N) on Tuesday sold $700 million of 10-year senior notes, said market sources.
  Morgan Stanley and Citigroup were the joint bookrunning managers for the sale. BORROWER: NRG ENERGY AMT $700 MLN      COUPON 8.50 PCT     MATURITY 6/15/2019  TYPE SR NOTES     ISS PRICE 98.348    FIRST PAY 12/15/2009 MOODY’S B1        YIELD 8.75 PCT      SETTLEMENT 6/5/2009 S&P BB-MINUS      SPREAD 506 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YEARS* *CALL SCHEDULE: 104.25, 102.83, 101.42, 100  35 PCT EQUITY CLAW 3Y AT 108.5  

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