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New Issue-General Dynamics sells $750 mln in 2-yr notes

Fri Jun 19, 2009 11:55pm IST
 
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  June 19 (Reuters) - General Dynamics Corp (GD.N: Quote, Profile, Research) on Friday
sold $750 million of two-year senior notes, said IFR, a Thomson
Reuters service.
  The size of the deal was increased from an originally
planned $500 million.
  Bank of America, J.P. Morgan, and RBS Capital were the
joint bookrunning managers for the sale.
BORROWER: GENERAL DYNAMICS CORP
AMT $750 MLN      COUPON 1.80 PCT     MATURITY 7/15/2011 
TYPE SR NTS       ISS PRICE 99.554    FIRST PAY 1/15/2010
MOODY'S A2        YIELD 2.022 PCT     SETTLEMENT 6/24/2009
S&P SINGLE-A      SPREAD 80 BPS       PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A     MORE THAN TREAS    NON-CALLABLE       

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