Published on 9/8/2008 in the Prospect News Investment Grade Daily.
New Issue: Agrium prices $500 million 6.75% notes due 2019 at Treasuries plus 310 bps
By Andrea Heisinger
New York, Sept. 8 - Agrium Inc. priced $500 million of 6.75% notes due January 2019 on Monday to yield Treasuries plus 310 basis points, an informed source said.
The notes priced in line with talk that was in the 310 bps area, a source said.
Bookrunners were Merrill Lynch, Pierce, Fenner & Smith Inc. and UBS Investment Bank.
The fertilizer company is based in Calgary, Alta.
| Issuer: | Agrium Inc.
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 15, 2019
|
| Bookrunners: | Merrill Lynch, Pierce, Fenner & Smith, UBS Investment Bank
|
| Coupon: | 6.75%
|
| Spread: | Treasuries plus 310 bps
|
| Trade date: | Sept. 8
|
| Settlement date: | Sept. 11
|
| Price talk: | 310 bps area
|
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