Thursday, May 21, 2009

Hewlett-Packard Prices $2B 3 Part Note Sale

Hewlett-Packard (HPQ.N) on Thursday sold $2 billion in a three-part note sale, said IFR, a Thomson Reuters service.
The sale included $750 million in two-year floating-rate notes priced to yield 105 basis points over the three-month London interbank offered rate.
It also included $1 billion in two-year fixed-rate notes yielding 140 basis points over U.S. Treasuries, or 2.267 percent, and $250 million in three-year fixed-rate notes priced to yield 160 basis points over Treasuries or 2.956 percent.
The joint lead managers on the sale were Banc of America Securities, Credit Suisse and Morgan Stanley, with Deutsche Bank and the Royal Bank of Scotland serving as passive bookrunners

No comments:

Post a Comment