New Issue-Hertz Corp sells $500 mln in 2-pt debt deal

Newswire

WHITE PLAINS, N.Y., July 29 (Reuters) - The Hertz Corporation, the world's leading car rental company, which is owned by Ford Motor Company , sold $500 million in a two-part debt deal, said joint book-running manager J.P. Morgan on Thursday. Barclays Capital and Deutsche Bank Securities, Inc. were the other joint book-running managers for the sale. BORROWER: THE HERTZ CORPORATION FIRST TRANCHE: AMT $250 MLN COUPON 6.90 PCT MATURITY 8/15/2014 TYPE NOTES ISS PRICE 99.683 FIRST PAY DATE ...

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