Published on 12/17/2008 in the Prospect News Investment Grade Daily.
New Issue: Walt Disney prices $1 billion 4.5% five-year notes at Treasuries plus 337.5 bps
By Andrea Heisinger
New York, Dec. 17 - The Walt Disney Co. priced $1 billion of 4.5% five-year notes Wednesday to yield Treasuries plus 337.5 basis points, an informed source said.
The notes priced at 99.026 to yield 4.722%.
Bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.
The media and entertainment company is based in Burbank, Calif.
Issuer: | The Walt Disney Co.
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Issue: | Notes
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Amount: | $1 billion
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Maturity: | Dec. 15, 2013
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Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities Inc.
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Coupon: | 4.5%
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Price: | 99.026
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Yield: | 4.722%
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Spread: | Treasuries plus 337.5 bps
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Trade date: | Dec. 17
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Settlement date: | Dec. 22
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Rating: | Standard & Poor's: A
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