(Reuters circulated the following story on April 20.)
NEW YORK — CSX Corp., the U.S. railroad company, on Friday sold $1 billion of debt in two parts, said a source familiar with the transaction.
The sale consisted of $300 million of 5.60 percent 10-year notes, priced at 99.817 to yield 5.624 percent, or 0.95 percentage point over comparable U.S. Treasuries, and $700 million of 6.15 percent 30-year bonds priced at 99.903 to yield 6.157 percent, or 1.29 percentage points over Treasuries.
The joint lead managers of the sale were Citigroup Global Markets, J.P. Morgan Securities and Morgan Stanley & Co.