By Andrea Heisinger
Omaha, May 13 - Philip Morris International Inc. priced $6 billion senior unsecured notes (A2/A/A+) in three tranches Tuesday, an informed source said.
The issue consisted of $2 billion of 4.875% five-year notes, $2.5 billion of 5.65% 10-year notes and $1.5 billion of 6.375% 30-year notes.
All of the tranches priced at Treasuries plus 177 basis points.
Bookrunners were Credit Suisse Securities LLC, Deutsche Bank Securities Inc. and Lehman Brothers Inc.
Proceeds will be used for general corporate purposes.
The tobacco and tobacco products company is based in New York City.
| Issuer: | Philip Morris International Inc.
|
| Issue: | Senior unsecured notes
|
| Amount: | $6 billion
|
| Bookrunners: | Credit Suisse Securities LLC, Deutsche Bank Securities Inc., Lehman Brothers Inc.
|
| Trade date: | May 13
|
| Settlement date: | May 16
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
|
|
| Five-year tranche
|
| Amount: | $2 billion
|
| Maturity: | May 16, 2013
|
| Coupon: | 4.875%
|
| Spread: | Treasuries plus 177 bps
|
|
|
| 10-year tranche
|
| Amount: | $2.5 billion
|
| Maturity: | May 16, 2018
|
| Coupon: | 5.65%
|
| Spread: | Treasuries plus 177 bps
|
|
|
| 30-year tranche
|
| Amount: | $1.5 billion
|
| Maturity: | May 16, 2038
|
| Coupon: | 6.375%
|
| Spread: | Treasuries plus 177 bps
|
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