Friday, June 19, 2009

New Issue-General Dynamics sells $750 mln in 2-yr notes

June 19 (Reuters) - General Dynamics Corp (GD.N) on Friday
sold $750 million of two-year senior notes, said IFR, a Thomson
Reuters service. The size of the deal was increased from an originally
planned $500 million. Bank of America, J.P. Morgan, and RBS Capital were the
joint bookrunning managers for the sale.
BORROWER: GENERAL DYNAMICS CORP
AMT $750 MLN COUPON 1.80 PCT MATURITY 7/15/2011
TYPE SR NTS ISS PRICE 99.554 FIRST PAY 1/15/2010
MOODY'S A2 YIELD 2.022 PCT SETTLEMENT 6/24/2009
S&P SINGLE-A SPREAD 80 BPS PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A MORE THAN TREAS NON-CALLABLE

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