C.L. King acted as a Co-Manager for IBM International Capital Pte. Ltd in its $5.5B 7-part offering including $600M 2yr 4.7% Fixed Senior Notes due 2/05/26, $500M 3yr 4.6% Fixed Senior Notes due 2/05/27, $500M 5yr 4.6% Fixed Senior Notes due 2/05/29, $500M 7yr 4.75% Fixed Senior Notes due 2/05/31, $1B 10yr 4.9% Fixed Senior Notes due 2/05/34, $1B 20yr 5.25% Fixed Senior Notes due 2/05/44 and $1.4B 30yr 5.3% Fixed Senior Notes due 2/05/54. IBM International Capital Pte. Ltd. is a wholly owned subsidiary of International Business Machines Corporation (NYSE:IBM).
These issues were rated A3/A-/A-.