March 28 (Reuters) - Dell Inc on Monday sold $1.5
billion of four part notes, said IFR, a Thomson Reuters
service.
BNP Paribas, Deutsche Bank, UBS and Wells Fargo Securities were the joint bookrunning managers for the sale.
BORROWER: DELL INC
TRANCHE 1 AMT $300 MLN COUPON 3-MO-LIBOR MATURITY 4/1/2014
+ 60 BPS TYPE NTS ISS PRICE 100 FIRST PAY 7/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD N/A PAY FREQ QUARTERLY FITCH SINGLE-A NON-CALLABLE N/A
TRANCHE 2 AMT $400 MLN COUPON 2.10 PCT MATURITY 4/1/2014 TYPE NTS ISS PRICE 99.968 FIRST PAY 10/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD 85 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 12.5 BPS
TRANCHE 3 AMT $400 MLN COUPON 3.10 PCT MATURITY 4/1/2016 TYPE NTS ISS PRICE 99.899 FIRST PAY 10/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD 95 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 15 BPS
TRANCHE 4 AMT $400 MLN COUPON 4.625 PCT MATURITY 4/1/2021 TYPE NTS ISS PRICE 99.541 FIRST PAY 10/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD 125 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 20 BPS
Keywords: DELL DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. 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.
BNP Paribas, Deutsche Bank, UBS and Wells Fargo Securities were the joint bookrunning managers for the sale.
BORROWER: DELL INC
TRANCHE 1 AMT $300 MLN COUPON 3-MO-LIBOR MATURITY 4/1/2014
+ 60 BPS TYPE NTS ISS PRICE 100 FIRST PAY 7/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD N/A PAY FREQ QUARTERLY FITCH SINGLE-A NON-CALLABLE N/A
TRANCHE 2 AMT $400 MLN COUPON 2.10 PCT MATURITY 4/1/2014 TYPE NTS ISS PRICE 99.968 FIRST PAY 10/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD 85 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 12.5 BPS
TRANCHE 3 AMT $400 MLN COUPON 3.10 PCT MATURITY 4/1/2016 TYPE NTS ISS PRICE 99.899 FIRST PAY 10/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD 95 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 15 BPS
TRANCHE 4 AMT $400 MLN COUPON 4.625 PCT MATURITY 4/1/2021 TYPE NTS ISS PRICE 99.541 FIRST PAY 10/1/2011 MOODY'S A2 YIELD N/A SETTLEMENT 3/31/2011 S&P A-MINUS SPREAD 125 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 20 BPS
Keywords: DELL DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. 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.