NEW YORK, Aug 3 (Reuters) - International Paper Co on Monday launched its $1.0 billion, 12-year debt sale, with pricing expected later on Monday, said IFR, a Thomson Reuters service.
The debt is expected to yield 387.5 basis points over comparable U.S. Treasuries, according to IFR.
The joint book managers on the sale are Banc of America Merrill Lynch and JP Morgan.
(Reporting by Caryn Trokie, Editing by Chizu Nomiyama) Keywords: INTERNATIONALPAPER DEBT/LAUNCH (caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The debt is expected to yield 387.5 basis points over comparable U.S. Treasuries, according to IFR.
The joint book managers on the sale are Banc of America Merrill Lynch and JP Morgan.
(Reporting by Caryn Trokie, Editing by Chizu Nomiyama) Keywords: INTERNATIONALPAPER DEBT/LAUNCH (caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.