New Securities Issues
The following were among yesterday's offerings and pricings in U.S. and non-U.S. capital markets, with terms and syndicate manager, based on information provided by Dow Jones Newswires. (A basis point is one-hundredth of a percentage point; 100 basis points equals a percentage point.)</br></br>CORPORATE</br></br>American General Corp. -- $300 million of capital securities was priced through lead manager Salomon Smith Barney, according to people familiar with the deal. Terms: maturity: July 1, 2030; coupon: 8.5%; issue price: 99.471; yield: 8.549%; spread: 242 basis points above Treasurys; debt ratings: A2 (Moody's), single-A (S&P).</br></br>EQUITY</br></br>Cox Radio Inc. (CXR) -- 8.8 million common shares were priced at $29 apiece through lead underwriter Credit Suisse First Boston Corp.