New Issue: IBM prices $3 billion 10-year 5.7% notes at Treasuries plus 139 bps

By Andrea Heisinger

Omaha, Sept. 11 - IBM Corp. priced $3 billion of 10-year 5.7% notes Tuesday to yield Treasuries plus 139 basis points, an informed source said.

The notes (A1/A+/A+) have a price of 99.654 with a yield of 5.746%. Price talk was in the 140 bps area, the source said.

Bookrunners were Barclays Capital Inc., J.P. Morgan Securities Inc., Goldman, Sachs & Co., BNP Paribas Securities Corp., Citigroup Global Markets Inc. and UBS Investment Bank.

The computer technology and consulting corporation is based in Armonk, N.Y.

Issuer:	IBM Corp.
Issue:	Notes
Amount:	$3 billion
Maturity:	Sept. 14, 2017
Bookrunners:	Barclays Capital Inc., J.P. Morgan Securities Inc., Goldman, Sachs & Co., BNP Paribas Securities Corp., Citigroup Global Markets Inc., UBS Investment Bank
Coupon:	5.7%
Price:	99.654
Yield:	5.746%
Spread:	Treasuries plus 139 bps
Call:	Make-whole at Treasuries plus 20 bps
Trade date:	Sept. 11
Settlement date:	Sept. 14
Ratings:	Moody's: A1
	Standard & Poor's: A+
	Fitch: A+
Price talk:	140 bps area

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