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New Issue - Praxair sells $700 mln in 2 parts
November 5, 2012 / 5:30 PM / 5 years ago

New Issue - Praxair sells $700 mln in 2 parts

Nov 5 (Reuters) - Praxair Inc on Friday sold $700
million of senior notes in two parts, said IFR, a Thomson
Reuters service. 
    The issue amount was increased from the originally planned
$600 million. 
    Citigroup, Deutsche Bank and RBS were the joint bookrunning
managers for the sale.

BORROWER: PRAXAIR

TRANCHE 1
AMT $400 MLN    COUPON 1.05 PCT    MATURITY    11/07/2017  
TYPE SR NTS     ISS PRICE 99.961   FIRST PAY   05/07/2013
MOODY'S A2      YIELD 1.058 PCT    SETTLEMENT  11/07/2012   
S&P SINGLE-A    SPREAD 33 BPS      PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 5 BPS
    
TRANCHE 2
AMT $300 MLN    COUPON 3.55 PCT    MATURITY    11/07/2042   
TYPE SR NTS     ISS PRICE 99.378   FIRST PAY   05/07/2013
MOODY'S A2      YIELD 3.584 PCT    SETTLEMENT  11/07/2012   
S&P SINGLE-A    SPREAD 68 BPS      PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 10 BPS

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