Kraft Foods re-launches $9.5 bln debt in 4 parts

NEW YORK, Feb 4 (BestGrowthStock) – Kraft Foods Inc (KFT.N: ) on
Thursday re-launched its $9.5 billion four-part debt sale at
wider spreads than first launched earlier on Thursday morning,
said IFR, a Thomson Reuters service.

The $1.0 billion 3.25-year notes are now expected to yield
140 basis points over comparable U.S. Treasuries, the $1.75
billion six-year notes and $3.75 billion of 10-year notes are
both expected to yield 190 basis points more than Treasuries,
while the $3.0 billion of 30-year bonds are expected to yield
205 basis points over Treasuries.

Earlier on Thursday the sale was launched with the
3.25-year notes at a yield spread of 137.5 basis points over
comparable Treasuries, the six-year and 10-year notes both at
185 basis points over Treasuries and the 30-year bonds at 200
basis points more than Treasuries.

Stock Market Research Tools

(Reporting by Caryn Trokie)

Kraft Foods re-launches $9.5 bln debt in 4 parts