The Wall Street Journal-20080126-New Securities Issues
Return to: The_Wall_Street_Journal-20080126
New Securities Issues
The following were among recent offerings and pricings in U.S. and non-U.S. capital markets, with terms and syndicate manager, based on information provided by Dow Jones Newswires and Factiva. (A basis point is one-hundredth of a percentage point; 100 basis points equal a percentage point.)
CORPORATE
Bank Of America -- $6 billion of self-led convertible preferred notes was priced, according to IFR. Terms: maturity: perpetual; coupon: 7.25%; conv. premium: 25.3%; conv. price $50; conv. ratio: 20; settlement: Jan. 30, 2008; call/puts: noncallable before five years; ratings: NR (Moody's Investors Service), NR (Standard & Poor's Rating Service).
GLOBAL
GE Capital UK Funding -- GBP 400 million, 2010-dated, floating-rate- notes, was priced with the following terms, sole lead manager Barclays Capital said. Terms: maturity: Feb. 1, 2010; coupon: 40 basis points over three-month London interbank offered rate; price: par; reoffer: par; payment: Feb. 1, 2008; ratings: Aaa (Moody's), triple-A (S&P), denominations: GBP 100,000 and GBP 100,000; listing: London.
