(Reuters circulated the following on March 24.)
NEW YORK — CSX Corp. sold on Monday $1 billion in debt in a two part sale, said a source familiar with the deal.
The first tranche consisted of $600 million in seven-year notes, priced at 99.943 to yield 3.375 percentage points more than comparable U.S. Treasuries.
The second part was of $400 million 30-year bonds, priced at 99.927 to yield 3.10 percentage points over U.S. Treasuries.
Barclays Capital, Citigroup Global Markets, Credit Suisse and Morgan Stanley were the lead managers of the sale.