New Issue-BorgWarner sells $150 mln in 10-yr notes

Newswire

Oct 30 (Reuters) - Auto parts maker BorgWarner Inc. sold $150 million in 10-year notes, market sources said on Monday.

Morgan Stanley was the sole lead manager for the sale, the sources said. BORROWER: BORGWARNER INC. AMT $150 MLN COUPON 5.75 PCT MATURITY 11/1/2016 TYPE SR NOTES ISS PRICE 99.348 FIRST PAY 5/1/2007 MOODY'S Baa2 YIELD 5.837 PCT PAY FREQ SEMI-ANNUAL S&P A-MINUS SPREAD 116 BPS/ ...

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