THEY ARE COMING----LOOK WHO JUST GOT MONEY TO COME HUNTING ---- HANG ONTO ALL SHARES!!!
New Issue-Cliffs Natural Resources sells $400 mln notes
13:58 EST Wednesday, March 10, 2010
March 10 (Reuters) - Cliffs Natural Resources on Wednesday sold $400 million of senior unsecured notes, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $350 million.
Bank of America Merrill Lynch and JP Morgan were the joint bookrunning managers for the sale. BORROWER: CLIFFS NATURAL RESOURCES AMT $400 MLN COUPON 5.90 PCT MATURITY 3/15/2020 TYPE SR NOTES ISS PRICE 99.427 FIRST PAY 9/15/2010 MOODY'S Baa3 YIELD 5.977 PCT SETTLEMENT 3/17/2010 S&P BBB-MINUS SPREAD 225 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE N/A