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Banc of America, Deutsche Bank, BNP Paribas, Citi to run Intl Paper's note offering

Posted on: Tue, 01 Dec 2009 04:25:00 EST

Symbols: PIBSF, DB, IP

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Dec 01, 2009 (M2 EQUITYBITES via COMTEX) --
PIBSF | Quote | Chart | News | PowerRating -- 1 December 2009 - US paper and packaging firm International Paper
Company (NYSE: IP | Quote | Chart | News | PowerRating) said on Monday it has picked Banc of America
Securities, Deutsche Bank Securities, BNP Paribas Securities and
Citigroup Global Markets among others to jointly handle its senior
notes offering.

The pool of underwriters includes JP Morgan Securities, RBS Securities,
UBS Securities and Wells Fargo Securities as well.

The public offering price of the USD750m (EUR500m) of 7.30% senior
unsecured notes due 2039 is 99.741%.

The paper firm will use the net proceeds for debt repayment and for
general corporate purposes.

Comments on this story may be sent to admin@m2.com

For full details on (PIBSF) PIBSF. (PIBSF) has Short Term PowerRatings at TradingMarkets. Details on (PIBSF) Short Term PowerRatings is available at This Link.

For full details on Deutsche Bank AG (DB) DB. Deutsche Bank AG (DB) has Short Term PowerRatings at TradingMarkets. Details on Deutsche Bank AG (DB) Short Term PowerRatings is available at This Link.

For full details on Internat Paper Co (IP) IP. Internat Paper Co (IP) has Short Term PowerRatings at TradingMarkets. Details on Internat Paper Co (IP) Short Term PowerRatings is available at This Link.

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