CME prices 150 mln euro senior secured FRN -banker

...lower yield than initially expected, a banker familiar with the sale said.

The note was priced at par with a coupon of Euribor plus 162.5 basis points, the banker said, less than guidance of plus 175 basis points. That suggests good demand for the sale.

CME said last week it would use proceeds from the issue of notes for general corporate purposes, including the possible purchase of additional ownership interests in its existing operations.

JP Morgan, Lehman Brothers and ING are managing the sale.

[LONDON/Reuters/Finance.cz]