New Issue-Ecolab sells $500 mln notes
Ecolab Inc. on Monday sold $500 million of notes, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch and RBS were the joint bookrunning managers for the sale. BORROWER: ECOLAB INC. AMT $500 MLN COUPON 1.45 PCT MATURITY 12/08/2017 TYPE NTS ISS PRICE 99.919 FIRST PAY 06/15/2013 MOODY'S Baa1 YIELD 1.467 PCT SETTLEMENT 12/13/2012 S&P BBB-PLUS SPREAD 85 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CAL
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