March 2 (Reuters) - Solutia Inc on Tuesday sold
$300 million of senior notes, said IFR, a Thomson Reuters
service.
Jefferies & Company, Deutsche Bank, Citigroup, HSBC and JP Morgan were the joint bookrunning managers for the sale.
BORROWER: SOLUTIA INC
AMT $300 MLN COUPON 7.875 PCT MATURITY 3/15/2020 TYPE SR NOTES ISS PRICE 99.50 FIRST PAY 9/15/2010 MOODY'S B2 YIELD 7.948 PCT SETTLEMENT 3/9/2010 S&P B-PLUS SPREAD 434 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS*
*MAKE-WHOLE-CALL 50 BPS
Keywords: SOLUTIA DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. 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.
Jefferies & Company, Deutsche Bank, Citigroup, HSBC and JP Morgan were the joint bookrunning managers for the sale.
BORROWER: SOLUTIA INC
AMT $300 MLN COUPON 7.875 PCT MATURITY 3/15/2020 TYPE SR NOTES ISS PRICE 99.50 FIRST PAY 9/15/2010 MOODY'S B2 YIELD 7.948 PCT SETTLEMENT 3/9/2010 S&P B-PLUS SPREAD 434 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS*
*MAKE-WHOLE-CALL 50 BPS
Keywords: SOLUTIA DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. 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.