By Andrea Heisinger
New York, Dec. 13 - International Business Machines Corp. sold $1 billion of floating-rate notes due June 15, 2012 on Monday at par to yield three-month Libor plus 3 basis points, a source close to the deal said.
The notes (Aa3/A+/A+) are non-callable and have interest paid quarterly.
Bookrunners were Barclays Capital Inc. and UBS Securities LLC.
Proceeds are being used for general corporate purposes.
The computer and IT company is based in Armonk, N.Y.
| Issuer: | International Business Machines Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $1 billion
|
| Maturity: | June 15, 2012
|
| Bookrunners: | Barclays Capital Inc., UBS Securities LLC
|
| Coupon: | Three-month Libor plus 3 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 3 bps
|
| Call: | Non-callable
|
| Trade date: | Dec. 13
|
| Settlement date: | Dec. 15
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
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