New Issue-Time Warner Cable sells $1.5 bln 30-years
June 24 (Reuters) - Time Warner Cable (TWC.N: Quote, Profile, Research) on Wednesday sold $1.5 billion of bonds, said IFR, a Thomson Reuters service.
Bank of America, BNP Paribas, Citigroup, J.P. Morgan, and Mitsubishi UFJ were the joint bookrunning managers for the sale. BORROWER: TIME WARNER CABLE AMT $1.5 BLN COUPON 6.75 PCT MATURITY 6/15/2039 TYPE BONDS ISS PRICE 97.131 FIRST PAY 12/15/2009 MOODY'S Baa2 YIELD 6.98 PCT SETTLEMENT 6/29/2009 S&P BBB SPREAD 260 BPS PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS MAKE-WHOLE CALL 40 BPS
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