By Andrea Heisinger
New York, Sept. 4 - The Procter & Gamble Co. priced $2 billion of floating-rate notes (Aa3/AA-/) in one-year and 18-month tranches Thursday, market sources said.
The $1.25 billion one-year tranche of notes priced at par to yield three-month Libor plus 3 basis points.
The $750 million of 18-month notes priced at par to yield three-month Libor plus 18 bps.
The notes are non-callable.
Bookrunners were HSBC Securities, J.P. Morgan Securities Inc. and Morgan Stanley & Co., Inc.
Co-managers were Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith.
The consumer products company is based in Cincinnati.
| Issuer: | The Procter & Gamble Co.
|
| Issue: | Floating-rate notes
|
| Total amount: | $2 billion
|
| Bookrunners: | HSBC Securities, J.P. Morgan Securities Inc., Morgan Stanley & Co., Inc.
|
| Co-managers: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith
|
| Trade date: | Sept. 4
|
| Settlement date: | Sept. 9
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
|
|
| One-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Sept. 9, 2009
|
| Coupon: | Three-month Libor plus 3 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 3 bps
|
| Call: | Non-callable
|
|
|
| 18-month notes
|
| Amount: | $750 million
|
| Maturity: | March 9, 2010
|
| Coupon: | Three-month Libor plus 18 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 18 bps
|
| Call: | Non-callable
|
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