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New Issue- Kellogg Co sells $1.45 bln 3-pt notes

Mon May 14, 2012 5:00pm EDT

May 14 (Reuters) - Kellogg Co on Monday sold $1.45
billion of senior notes in three parts, said IFR, a Thomson
Reuters service. 	
    Barclays, JP Morgan, and Wells Fargo were the joint
bookrunning managers for the sale.	
	
BORROWER: KELLOGG CO	
	
TRANCHE 1	
AMT $350 MLN    COUPON 1.125 PCT   MATURITY    05/15/2015 	
TYPE SR NTS     ISS PRICE 99.883   FIRST PAY   11/15/2012 	
MOODY'S Baa1    YIELD 1.165 PCT    SETTLEMENT  05/17/2012 	
S&P BBB-PLUS    SPREAD 80 BPS      PAY FREQ    SEMI-ANNUAL	
FITCH BBB-PLUS   MORE THAN TREAS   MAKE-WHOLE CALL 15 BPS	
    	
TRANCHE 2	
AMT $400 MLN    COUPON 1.75 PCT    MATURITY    05/17/2017 	
TYPE SR NTS     ISS PRICE 99.458   FIRST PAY   11/17/2012 	
MOODY'S Baa1    YIELD 1.864 PCT    SETTLEMENT  05/17/2012 	
S&P BBB-PLUS    SPREAD 115 BPS     PAY FREQ    SEMI-ANNUAL	
FITCH BBB-PLUS   MORE THAN TREAS   MAKE-WHOLE CALL 20 BPS	
    	
TRANCHE 3	
AMT $700 MLN    COUPON 3.125 PCT   MATURITY    05/17/2022 	
TYPE SR NTS     ISS PRICE 99.159   FIRST PAY   11/17/2012 	
MOODY'S Baa1    YIELD 3.224 PCT    SETTLEMENT  05/17/2012 	
S&P BBB-PLUS    SPREAD 145 BPS     PAY FREQ    SEMI-ANNUAL	
FITCH BBB-PLUS   MORE THAN TREAS   MAKE-WHOLE CALL 25 BPS
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