New Issue-Corning sells $350 mln in 2-part notes

May 7 (Reuters) - Corning Inc (GLW.N: Quote, Profile, Research) on Thursday sold $350
million in two-part notes, said IFR, a Thomson Reuters
service.

The size of the deal was increased from an originally
planned $250 million.

Deutsche Bank and JP Morgan were the joint bookrunning
managers for the sale.
BORROWER: CORNING INC
FIRST TRANCHE:
AMT $250 MLN COUPON 6.625 PCT MATURITY 5/15/2019
TYPE NOTES ISS PRICE 99.992 FIRST PAY 11/15/2009
MOODY'S Baa1 YIELD N/A SETTLEMENT 5/12/2009
S&P BBB-PLUS SPREAD 337.5 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS*
SECOND TRANCHE:
AMT $100 MLN COUPON 7.00 PCT MATURITY 5/15/2024
TYPE NOTES ISS PRICE 99.085 FIRST PAY 11/15/2009
MOODY'S Baa1 YIELD 7.10 PCT SETTLEMENT 5/12/2009
S&P BBB-PLUS SPREAD N/A PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS*
* COC PUT AT 101