SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: Oliver P. Poitrimol who wrote (3131)8/6/1998 1:06:00 PM
From: SDR-SI  Respond to of 11568
 
Bond sale information follows. The demand for the bonds would seem to be a significant vote of confidence in WCOM "

<<<TABLE-WorldCom issues $6.1 bln in 4-part debt deal

Reuters, Thursday, August 06, 1998 at 12:58

NEW YORK, Aug 6 (Reuters) - WorldCom Inc (NASDAQ:WCOM) on
Thursday issued a $6.1 billion four-tranche debt offering,
according to lead manager Salomon Smith Barney Inc.
The offering was increased to $5.0 billion from an expected
size of $3.5 billion.

FIRST TRANCHE:

AMT $1.5 BLN COUPON 6.125 PCT MATURITY 8/15/2001
TYPE NOTES ISS PRICE 99.896 FIRST PAY DATE 2/15/1999
LAST MOODY'S BAA2 YIELD 6.163 PCT PAY FREQ SEMI-ANNUAL
LAST S&P BBB-PLUS SPREAD +70 BPS MAKE-WHOLE-CALL AT T +10
BASIS POINT

SECOND TRANCHE:
AMT $600 MLN COUPON 6.25 PCT MATURITY 8/15/2003
TYPE NOTES ISS PRICE 99.978 FIRST PAY DATE 2/15/1999
LAST MOODY'S BAA2 YIELD 6.255 PCT PAY FREQ SEMI-ANNUAL
LAST S&P BBB-PLUS SPREAD +83 BPS MAKE-WHOLE-CALL AT T +15
BASIS POINT

THIRD TRANCHE:
AMT $2.25 BLN COUPON 6.40 PCT MATURITY 8/15/2005
TYPE NOTES ISS PRICE 99.798 FIRST PAY DATE 2/15/1999
LAST MOODY'S BAA2 YIELD 6.436 PCT PAY FREQ SEMI-ANNUAL
LAST S&P BBB-PLUS SPREAD +94 BPS MAKE-WHOLE-CALL AT T +15
BASIS POINTS

FOURTH TRANCHE:
AMT $1.75 BLN COUPON 6.95 PCT MATURITY 8/15/2028
TYPE NOTES ISS PRICE 99.065 FIRST PAY DATE 2/15/1999
LAST MOODY'S BAA2 YIELD 7.025 PCT PAY FREQ SEMI-ANNUAL
LAST S&P BBB-PLUS SPREAD +135 BPS MAKE-WHOLE-CALL AT T +20
BASIS POINTS

nyc.corporatedebt.newsroom@reuters.com))

Copyright 1998, Reuters News Service >>>

Steve