by Calculated Risk on 10/16/2007 03:39:00 PM

From Bloomberg: KKR Bankers Sell $2.2 Billion of First Data Bonds

Banks for Kohlberg Kravis Roberts & Co. sold $2.2 billion of First Data Corp. notes ...

The eight-year, 9.875 percent senior securities priced to yield 10.875 percent, according to data compiled by Bloomberg. The offering leaves banks led by Citigroup Inc. and Credit Suisse Group with $10.4 billion of debt on their books from Greenwood Village, Colorado-based First Data.