Kraft Foods re-launches $9.5 billion debt in 4 parts
From Reuters US Online Report Business News | 2010-02-04 19:14:53
<div><p>NEW YORK (Reuters) - Kraft Foods Inc &lt;KFT.N&gt; on Thursday re-launched its $9.5 billion four-part debt sale at wider spreads than first launched earlier on Thursday morning, said IFR, a Thomson Reuters service.</p><p>The $1.0 billion 3.25-year notes are now expected to yield 140 basis points over comparable U.S. Treasuries, the $1.75 billion six-year notes and $3.75 billion of 10-year notes are both expected to yield 190 basis points more than Treasuries, while the $3.0 billion of 30-year bonds are expected to yield 205 basis points over Treasuries.</p><p>Earlier on Thursday the sale was launched with the 3.25-year notes at a yield spread of 137.5 basis points over comparable Treasuries, the six-year and 10-year notes both at 185 basis points over Treasuries and the 30-year bonds at 200 basis points more than Treasuries.</p><p>(Reporting by Caryn Trokie)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68459422&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.reuters.com/finance">Reuters US Online Report Business News</a></div></div>
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