IBM sells $2 bln notes in two parts - mkt source - News

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IBM sells $2 bln notes in two parts - mkt source

By: AFX | 03 Nov 2009 | 04:46 PM ET

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NEW YORK, Nov 3 (Reuters) - International Business Machines Corp on Tuesday sold $2 billion notes in a two-part sale, said a market source familiar with the transaction. The offering included $750 million in two-year floating-rate notes with a coupon rate of 4 basis points over the three-month London interbank offered rate. It also included $1.25 billion in 3.5-year notes priced to yield 70 basis points over comparable U.S. Treasuries. The joint book managers on the sale were Morgan Stanley, Citi and HSBC. (Reporting by Caryn Trokie; Editing by Dan Grebler) Keywords: IBM NOTES/SALE (caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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