Hewlett-Packard launches $2 bln 3-part note sale - IFR
NEW YORK, May 21 (Reuters) - Hewlett-Packard on Thursday (HPQ.N: Quote, Profile, Research) launched a $2 billion three-part note sale, said IFR, a Thomson Reuters service.
The offering includes $750 million in two-year floating-rate notes and is expected to have a coupon rate of 105 basis points over the three-month London Interbank Offered Rate.
It also includes $1 billion in two-year fixed-rate notes expected to yield 140 basis points over comparable U.S. Treasuries and $250 million in three-year fixed-rate notes expected to yield 160 basis points over Treasuries.
The joint lead managers on the sale are Banc of America Securities, Credit Suisse and Morgan Stanley. (Reporting by Caryn Trokie)
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