By Rachna Uppal
Sale includes $1bn in five-year notes yielding 250 basis points over midswaps.
has set final pricing for $1.6 billion in a two-part note sale, a banker familiar with the deal said on Wednesday.
The sale includes $1 billion in five-year notes yielding 250 basis points over midswaps and $600 million in 10-year notes yielding 400 basis points over midswaps, the banker said.
"The coupon is 5 percent on the 5-yr and the 10-yr 7.5 percent coupon," the banker said.
The banker added the five-year notes were six times oversubscribed. The joint lead managers on the offering are Credit Suisse and Morgan Stanley. (Reuters)