Issuer:
|
Qwest Corporation | |
Principal Amount:
|
$950,000,000 | |
Security:
|
$950,000,000 6.75% Notes due 2021 | |
Maturity:
|
December 1, 2021 | |
Coupon:
|
6.75% | |
Issue Price:
|
98.181% | |
Yield to Maturity:
|
7.00% | |
Spread to Benchmark Treasury:
|
4.996% | |
Benchmark Treasury:
|
2.125% due August 15, 2021 | |
Benchmark Treasury Yield:
|
2.004% | |
Interest Payment Dates:
|
June 1 and December 1, commencing June 1, 2012 | |
Interest Calculation Convention:
|
30/360 | |
Denominations:
|
$2,000 minimum x $1,000 | |
Optional Redemption:
|
At any time by the Issuer at greater of Par or Make-Whole at discount rate of Treasury plus 50 basis points. | |
Settlement Date:
|
T+5; October 4, 2011 | |
CUSIP Number:
|
74913GAX3 | |
ISIN/Common Code:
|
US74913GAX34 | |
Anticipated Ratings*:
|
BBB- by Standard & Poors Ratings Services (Stable outlook); Baa3 by Moodys Investors Service, Inc. (Negative outlook); BBB- by Fitch Ratings Ltd. (Stable outlook) | |
Joint Book-Running Managers:
|
Citigroup Global Markets Inc. J.P. Morgan Securities LLC Deutsche Bank Securities Inc. Mitsubishi UFJ Securities (USA), Inc. SunTrust Robinson Humphrey, Inc. |
|
Co-Managers:
|
BNY Mellon Capital Markets, LLC Fifth Third Securities, Inc. Mizuho Securities USA Inc. U.S. Bancorp Investments, Inc. |
* | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |