IBM $2.75 billion notes issue

Overview:

• IBM has undertaken a $2.75 billion notes issue.
• The issue consisted of $500 million floating-rate notes due 2020, $750 million 1.90% notes due 2020, $1 billion 2.5% notes due 2022, and $500 million 3.3% notes due 2027.
• The underwriters included BNP Paribas Securities, Credit Suisse Securities, HSBC Securities, Mizuho Securities and RBC Capital Markets.
• IBM was represented by in-house counsel.

Kurt Stumpo - Journalist