Nov 10 (Reuters) - Discover Bank, a unit of Discover
Financial Services, on Tuesday sold $700 million of
exempt subordinated bank notes, said IFR, a Thomson Reuters
service.
Goldman Sachs was the sole bookrunning manager for the sale.
BORROWER: DISCOVER BANK
AMT $700 MLN COUPON 8.70 PCT MATURITY 11/18/2019 TYPE SUB NTS ISS PRICE 99.742 FIRST PAY 5/18/2009 MOODY'S Ba1 YIELD 8.739 SETTLEMENT 11/16/2009 S&P BBB-MINUS SPREAD 525 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS NON-CALLABLE
Keywords: DISCOVERBANK DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) 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.
Goldman Sachs was the sole bookrunning manager for the sale.
BORROWER: DISCOVER BANK
AMT $700 MLN COUPON 8.70 PCT MATURITY 11/18/2019 TYPE SUB NTS ISS PRICE 99.742 FIRST PAY 5/18/2009 MOODY'S Ba1 YIELD 8.739 SETTLEMENT 11/16/2009 S&P BBB-MINUS SPREAD 525 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS NON-CALLABLE
Keywords: DISCOVERBANK DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) 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.