Issuer: |
ITT Corporation | |
Principal Amount: |
$500,000,000 | |
Security Type: |
Senior Note | |
Maturity: |
May 1, 2019 | |
Coupon: |
6.125% | |
Price to Public: |
99.860% | |
Yield to Maturity: |
6.144% | |
Spread to Benchmark Treasury: |
312.5 basis points | |
Benchmark Treasury: |
2.75% notes due February 15, 2019 | |
Benchmark Treasury Spot and Yield: |
97-23+ 3.019% | |
Interest Payment Dates: |
May 1 and November 1, commencing | |
November 1, 2009 | ||
Make-Whole Call: |
Treasury Rate plus 50 basis points | |
Trade Date: |
April 28, 2009 | |
Settlement Date: |
May 1, 2009 (T+3) | |
Denominations: |
$2,000 and integral multiples of $1,000 in excess thereof | |
Ratings: |
Moody's: Baa1 (stable outlook) | |
Standard & Poor's: BBB+ (stable outlook) | ||
Fitch: A- (stable outlook) | ||
CUSIP/ISIN: |
450679BX2 / US450679BX23 | |
Joint Book-Running Managers: |
Citigroup Global Markets Inc. | |
J.P. Morgan Securities Inc. | ||
Joint Lead Managers: |
Morgan Stanley & Co. Incorporated | |
RBS Securities Inc. | ||
Senior Co-Managers: |
ING Financial Markets LLC | |
Mitsubishi UFJ Securities (USA), Inc. | ||
SG Americas Securities, LLC | ||
UBS Securities LLC | ||
Co-Managers: |
Barclays Capital Inc. | |
BNP Paribas Securities Corp. |
Goldman, Sachs & Co. | ||
Lazard Capital Markets LLC | ||
U.S. Bancorp Investments, Inc. | ||
Wells Fargo Securities, LLC |
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