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New Issue-Dominion Resources sells $1.2 bln in 3-pt debt
June 12 (Reuters) - Dominion Resources Inc (D.N), a
diversified energy company based in Richmond, Virginia, on
Thursday sold $1.2 billion in three-part debt, according to
International Financing Review.
Barclays Capital, Citigroup Global Markets, JP Morgan, and Merrill Lynch were the joint bookrunning managers for the sale, added IFR, a Thomson Reuters publication. BORROWER: DOMINION RESOURCES INC FIRST TRANCHE: AMT $300 MLN COUPON 105 BPS/ MATURITY 6/17/2010
3-MO LIBOR TYPE FLTG RT NTS ISS PRICE 100 FIRST PAY 9/17/2008 MOODY'S Baa2 YIELD N/A SETTLEMENT 6/17/2008 S&P A-MINUS SPREAD N/A PAY FREQ QUARTERLY FITCH BBB-PLUS NON-CALLABLE SECOND TRANCHE: AMT $500 MLN COUPON 6.40 PCT MATURITY 6/15/2018 TYPE SR NOTES ISS PRICE 99.906 FIRST PAY 12/15/2008 MOODY'S Baa2 YIELD 6.413 PCT SETTLEMENT 6/17/2008 S&P A-MINUS SPREAD 220 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE-WHOLE CALL 35 BPS THIRD TRANCHE: AMT $400 MLN COUPON 7.00 PCT MATURITY 6/15/2038 TYPE SR NOTES ISS PRICE 99.232 FIRST PAY 12/15/2008 MOODY'S Baa2 YIELD 7.062 PCT SETTLEMENT 6/17/2008 S&P A-MINUS SPREAD 230 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE-WHOLE CALL 40 BPS
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