By Cristal Cody
Tupelo, Miss., Oct. 4 – AIB Group plc (Baa3/BB+/BBB-) priced a $750 million Rule 144A and Regulation S offering of 4.75% five-year notes on Thursday with a spread of 175 basis points over Treasuries, according to a market source.
The notes were initially talked to price in the Treasuries plus 190 bps area.
BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC were the bookrunners.
AIB Group is a banking and financial services company based in Dublin.
| Issuer: | AIB Group plc
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | Oct. 12, 2023
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
|
| Coupon: | 4.75%
|
| Spread: | Treasuries plus 175 bps
|
| Trade date: | Oct. 4
|
| Ratings: | Moody’s: Baa3
|
| S&P: BB+
|
| Fitch: BBB-
|
| Distribution: | Rule 144A, Regulation S
|
| Marketing: | Roadshow
|
| Price guidance: | Treasuries plus 190 bps area
|
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