Do More With Reuters

New Issue-CRH America sells $650 mln in 10-yr notes

Thu Jul 17, 2008 3:05am IST
 
Email | Print | | Single Page
[-] Text [+]
 July 16 (Reuters) - CRH America Inc, a subsidiary of CRH
Plc (CRH.I: Quote, Profile, Research) (CRH.L: Quote, Profile, Research) (CRH.N: Quote, Profile, Research), on Wednesday sold $650 million of
10-year notes, said IFR, a Thomson Reuters publication.
 Citigroup Global Markets and JP Morgan were the active
bookrunning managers with Barclays Capital and BNP Paribas
Securities were the passive joint bookrunning managers for the
sale.
BORROWER: CRH AMERICA INC*
AMT $650 MLN      COUPON 8.125 PCT    MATURITY 7/15/2018   
TYPE NOTES        ISS PRICE 99.963    FIRST PAY 1/15/2009  
MOODY'S Baa1      YIELD 8.131 PCT     SETTLEMENT 7/23/2008 
S&P BBB-PLUS      SPREAD 420 BPS/     PAY FREQ SEMI-ANNUAL 
FITCH BBB-PLUS     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
*GUARANTEED BY CRH PLC. COC PUT AT 101 WITH COUPON STEP-UP

Photo

Catch the latest news, pictures, stats and live race commentary on our special Formula 1 page.  Full Coverage 

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 84.14 +0.55% 10/07 05:42 IST
Gold 863.0 -0.41% 10/07 05:51 IST