Visteon Corporation (NYSE: VC) today announced a public offering of $1.2 billion of global notes. The transaction was priced today and is expected to close on Thursday, August 3, 2000. The notes have been offered in two maturities: August 1, 2005 and August 1, 2010. There are $500 million of the 2005 series, which will have a coupon of 7.95 percent and was offered at a slight discount to the face amount, indicating a yield to maturity of 7.98 percent. The 2010 series, of which there are $700 million, will have a coupon of 8.25 percent and were also offered at a slight discount, indicating a yield of 8.27 percent.
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