Loop Capital Participates as a Co-Manager in Altria Group $1.5 billion Debt Offering
May 2nd, 2011
Altria Group Inc., the largest U.S. tobacco company, issued $1.5 billion in senior notes with a 4.75% coupon on May 2, 2011. This represented Altria's second lowest coupon for a dollar-denominated issuance. The deal was priced at 152 basis points over the 10-year U.S. Treasury bond. Loop Capital participated as a co-manager on the deal.