The issue is expected to carry a 15 1/2 percent coupon.
The issue due 2016 is priced at 98 for a 6 3/4 percent coupon.
The note will have the same 63/8 percent coupon with 9 3/4 years to maturity.
The bond has a 6.45 percent coupon and is due in 2012.
The new bond has a 7.125 percent coupon, also the lowest since 1977.
The term bond in 2009 has a 7.50 percent coupon.
A 20 percent coupon would increase the company's annual interest cost by $17.5 million.
The issue, due in March 2032, has a 5.25 percent coupon.
The notes have a 12 1/2 percent coupon and are priced at 99.378.
So was the 8.75 percent coupon on the long notes set by the Treasury.