Leggett & Platt.Leggett & Platt, Carthage, Mo., issued $200 million of 10-year notes that will pay a coupon rate Coupon rate In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. of 5%, marking the company's fourth debt offering since early 2003. The four issuances comprise $730 million of long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. with a weighted average remaining life of more than nine years and a weighted average coupon Weighted average Coupon The weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor. of 4.7% |
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