Philip Morris International Inc (PM)

[EZ2]

DJ Philip Morris $6B 3-Pt Deal Sold; 5-Yr Yields 4.938%

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Dow Jones Real-Time News for InvestorsSM
09:38 a.m. 05/14/2008



NEW YORK (Dow Jones)--Philip Morris International Inc. (PM) priced $6 billion of debt in three parts late Tuesday through lead managers Credit Suisse, Deutsche Bank, and Lehman Brothers, according to IFR. Terms were as follows:


Amount: $2 billion
Maturity: May 16, 2013
Coupon: 4.875%
Issue Price: 99.724
Yield: 4.938%
Spread: 177 basis points over Treasurys
Settlement: May 16, 2008 (flat)
Ratings: A2 (Moody's Investors Service)
A (Standard & Poor's)

Amount: $2.5 billion
Maturity: May 16, 2018
Coupon: 5.65%
Issue Price: 99.736
Yield: 5.685%
Spread: 177 basis points over Treasurys
Settlement: May 16, 2008 (flat)
Ratings: A2 (Moody's Investors Service)
A (Standard & Poor's)

Amount: $1.5 billion
Maturity: May 16, 2038
Coupon: 6.375%
Issue Price: 99.549
Yield: 6.409%
Spread: 177 basis points over Treasurys
Settlement: May 16, 2008 (flat)
Ratings: A2 (Moody's Investors Service)
A (Standard & Poor's)

-By Romy Varghese, Dow Jones Newswires; 201-938-4287; [e-mail]