New Issue-Praxair sells $500 mln in 1-yr floating rate notes
May 20 (Reuters) - Industrial gas provider Praxair, Inc. (PX.N: Quote, Profile, Research) on Wednesday sold $500 million in 1-year floating-rate notes, said IFR, a Thomson Reuters publication.
Citigroup and the Royal Bank of Scotland were the joint bookrunning managers for the sale. BORROWER: PRAXAIR, INC AMT $500 MLN COUPON 9 BPS/ MATURITY 5/26/2010 TYPE FRN 3-MONTH LIBOR FIRST PAY 8/26/2009 MOODY'S A2 ISS PRICE 100 SETTLEMENT 5/26/2009 S&P SINGLE-A YIELD N/A PAY FREQ QUARTERLY FITCH N/A SPREAD N/A NON-CALLABLE
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