Published on 5/16/2008 in the Prospect News Investment Grade Daily.
New Issue: Harley Davidson gives details of $1 billion 6.8% 10-year notes
By Andrea Heisinger
Omaha, May 16 - Harley Davidson Funding Corp. priced $1 billion of 6.8% 10-year notes (A1/A/A+) on Thursday at 99.805 to yield Treasuries plus 300 basis points, market sources confirmed Friday.
As previously reported, the Rule 144A notes were priced via bookrunners Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
The funding branch of the motorcycle company is based in Milwaukee.
Issuer: | Harley Davidson Funding Corp.
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Issue: | Notes
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Amount: | $1 billion
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Maturity: | June 15, 2018
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Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc.
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Coupon: | 6.8%
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Price: | 99.805
|
Spread: | Treasuries plus 300 bps
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Trade date: | May 15
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Settlement date: | May 22
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Distribution: | Rule 144A
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Ratings: | Moody's: A1
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| Standard & Poor's: A
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| Fitch: A+
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