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New Issue-Travelers sells $500 mln 10-yr sr nts

Thu May 8, 2008 11:22pm IST
 
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  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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