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Feb. 23
Thursday 23 Feb. 2012 07:31

New Issue-CEVA Group Plc sells $800 mln in 2 parts

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Jan 27 (Reuters) - CEVA Group Plc on Friday

sold $800 million of senior notes in two parts in the 144a

private placement market, said IFR, a Thomson Reuters service.

Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan,

Morgan Stanley and UBS were the joint bookrunning managers for

the sale.

BORROWER: CEVA GROUP PLC

TRANCHE 1

AMT $325 MLN COUPON 8.375 PCT MATURITY 12/01/2017

TYPE SR NTS ISS PRICE 98.874 FIRST PAY 03/01/2012

MOODY'S Ba3 YIELD 8.625 PCT SETTLEMENT 02/01/2012

S&P B-PLUS SPREAD 763 BPS PAY FREQ SEMI-ANNUAL

FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS

TRANCHE 2

AMT $475 MLN COUPON 12.75 PCT MATURITY 03/31/2020

TYPE SR NTS ISS PRICE 98.681 FIRST PAY 09/30/2012

MOODY'S Caa2 YIELD 13 PCT SETTLEMENT 02/01/2012

S&P B-MINUS SPREAD 1,149 BPS PAY FREQ SEMI-ANNUAL

FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS

Keywords: CEVA GROUP PLC NOTES

(New Issue by Thomson Reuters)(+1-646-223-6886 e-mail: uscorpbonds@reuters.com)

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