Issuer:
|
General Mills, Inc. | |
Size:
|
$1,150,000,000 | |
Maturity:
|
February 15, 2019 | |
Coupon:
|
5.650% | |
Price to Public:
|
99.914% | |
Yield to maturity:
|
5.661% | |
Spread to Benchmark Treasury:
|
287.5 basis points | |
Benchmark Treasury:
|
3.750% due 11/15/18 | |
Benchmark Treasury Yield:
|
2.786% | |
Interest Payment Dates:
|
February 15 and August 15, commencing August 15, 2009 | |
Day Count Convention:
|
30/360 | |
Redemption Provisions: |
||
Make-whole call:
|
At any time at a discount rate of U.S. Treasury plus 40 basis points | |
Change of Control Offer to Purchase:
|
If a change of control triggering event occurs, unless General Mills has exercised its right to redeem the notes, it will be required to make an offer to purchase the notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest, if any, to the date of repurchase. | |
Pricing:
|
January 29, 2009 | |
Settlement:
|
February 3, 2009 | |
Use of Proceeds:
|
To repay a portion of outstanding commercial paper | |
Denominations:
|
$2,000 and integral multiples of $1,000 in excess thereof | |
CUSIP/ISIN:
|
370334BH6 / US370334BH61 | |
Ratings:
|
Baa1/BBB+/BBB+ | |
Joint Book-Running Managers:
|
Deutsche Bank Securities Inc. | |
J.P. Morgan Securities Inc. | ||
Morgan Stanley & Co. Incorporated |