New Issue-Norfolk Southern sells $500 mln in 10-yr sr notes
May 27 (Reuters) - Freight rail operator Norfolk Southern Corp (NSC.N: Quote, Profile, Research) on Wednesday sold $500 million in ten-year senior notes, said IFR, a Thomson Reuters service.
Bank of America, Goldman Sachs and Wachovia were the joint lead bookrunning managers for the sale. BORROWER: NORFOLK SOUTHERN CORP AMT $500 MLN COUPON 5.90 PCT MATURITY 6/15/2019 TYPE SR NOTES ISS PRICE 99.75 FIRST PAY 12/15/2009 MOODY'S Baa1 YIELD 5.933 PCT SETTLEMENT 6/1/2009 S&P BBB-PLUS SPREAD 237.5 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 37.5 BPS (Editing by Theodore d'Afflisio)
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