By Andrea Heisinger
Omaha, Oct. 17 - IBM International Group Capital LLC priced $1.5 billion of 5.05% five-year notes Wednesday to yield Treasuries plus 87 basis points, an informed source said.
The notes (A1/A+) were priced at 99.921 to yield 5.068%.
There is a make-whole call at Treasuries plus 15 bps.
Bookrunners were Bear Stearns, Deutsche Bank Securities, Lehman Brothers Inc. and Morgan Stanley & Co., Inc.
Proceeds will be used for general corporate purposes.
The computer technology and consulting company is based in Armonk, N.Y.
| Issuer: | IBM International Group Capital LLC
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | Oct. 22, 2012
|
| Bookrunners: | Bear Stearns, Deutsche Bank, Lehman Brothers, Morgan Stanley
|
| Coupon: | 5.05%
|
| Price: | 99.921
|
| Yield: | 5.068%
|
| Spread: | Treasuries plus 87 bps
|
| Call: | Make-whole at Treasuries plus 15 bps
|
| Trade date: | Oct. 17
|
| Settlement date: | Oct. 22
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
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