New Issue-Travelers sells $500 mln 10-yr sr nts
May 8 (Reuters) - The Travelers Companies, Inc. (TRV.N: Quote, Profile, Research), on Thursday sold $500 million of 10-year senior notes, said market sources.
Goldman Sachs and Merrill Lynch were the joint bookrunning managers for the sale. BORROWER: THE TRAVELERS COMPANIES, INC. AMT $500 MLN COUPON 5.80 PCT MATURITY 5/15/2018 TYPE SR NTS ISS PRICE 99.909 FIRST PAY 11/15/2008 MOODY'S A3 YIELD 5.812 PCT SETTLEMENT 5/13/2008 S&P A-MINUS SPREAD 200 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS NON-CALLABLE
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