New Issue - WPP Finance UK sells $600 mln notes

miércoles 3 de junio de 2009 15:25 GYT
 

  June 3 (Reuters) - WPP Finance UK, a unit of WPP Group PLC
(WPP.L: Cotización) WPPGY.O on Wednesday sold $600 million of five-year
notes, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally
planned $500 million.
  Bank of America, Citigroup, and HSBC were the active
bookrunning managers for the sale. Barclays, RBS, Santander,
and BNP Paribas were the passive bookrunners.
BORROWER: WPP FINANCE UK*
AMT $600 MLN      COUPON 8.00 PCT     MATURITY 9/15/2014 
TYPE NOTES        ISS PRICE 99.969    FIRST PAY 9/15/2009
MOODY'S Baa2      YIELD 8.25 PCT      SETTLEMENT 6/10/2009
S&P BBB           SPREAD 579.3 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS**
*GUARANTEED BY WPP PLC, WPP AIR 1 LTD, WPP 2008 LTD, AND WPP
2005 LTD
**$101 COC PUT