New Issue-Penske Truck Leasing sells $1.5 billion in 2 parts

Sept 24 (Reuters) - Penske Truck Leasing Co LP/PTL Finance Corp on Monday sold $1.5 billion of senior notes in two parts in the 144a private placement market, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo were the joint bookrunning managers for the sale. BORROWER: PENSKE TRUCK LEASING TRANCHE 1 AMT $1 BLN COUPON 2.5 PCT MATURITY 03/15/2016 TYPE SR NTS ISS PRICE 99.852 FIRST PAY 03/15/2013 MOODY'S Baa3 YIELD