By Andrea Heisinger
Omaha, Jan. 8 - Prudential Financial Inc. priced an upsized $600 million in 5.15% five-year medium-term notes Tuesday to yield Treasuries plus 200 basis points, market sources said.
The issue was increased from a planned $500 million.
The non-callable notes (A3/A+/A) priced at 99.905 to yield 5.175%.
Bookrunners were Merrill Lynch, Pierce, Fenner & Smith Inc. and Wachovia Capital Securities Inc.
The financial services company is based in Newark, N.J.
| Issuer: | Prudential Financial Inc.
|
| Issue: | Medium-term notes
|
| Amount: | $600 million, upsized from $500 million
|
| Maturity: | Jan. 15, 2013
|
| Bookrunners: | Merrill Lynch, Pierce, Fenner & Smith Inc., Wachovia Capital Securities Inc.
|
| Coupon: | 5.15%
|
| Price: | 99.905
|
| Yield: | 5.175%
|
| Spread: | Treasuries plus 200 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 8
|
| Settlement date: | Jan. 11
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A+
|
| Fitch: A
|
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