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IBM selling benchmark-sized notes Tuesday in two-, five-year tranches
By Andrea Heisinger
New York, Feb. 5 - International Business Machines Corp. is set to sell notes (Aa3/AA-/A+) in a benchmark-sized offering in two tranches on Tuesday, a market source said.
The sale will include floating-rate notes due 2015 and fixed-rate notes due 2018.
Bookrunners are Barclays, HSBC Securities (USA) Inc., Mizuho Securities USA Inc. and RBC Capital Markets LLC.
Proceeds will be used for general corporate purposes.
IBM last priced debt in the U.S. market in a $1 billion sale of 10-year notes on July 25, 2012.
The information technology and computer company is based in Armonk, N.Y.
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