By Andrea Heisinger
New York, March 20 - Barrick Gold Corp. released terms Friday for its $750 million of 6.95% 10-year notes priced Thursday at Treasuries plus 462.5 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/A-/) priced at 98.493 to yield 7.163% with a make-whole call at Treasuries plus 50 bps.
Bookrunners were Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.
Proceeds will be used for general corporate purposes, including construction funding at Barrick projects and for investment in subsidiaries.
The company engages in the acquisition, exploration and development of gold properties and is based in Toronto.
| Issuer: | Barrick Gold Corp.
|
| Issue: | Notes
|
| Amount: | $750 million
|
| Maturity: | April 1, 2019
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc.
|
| Coupon: | 6.95%
|
| Price: | 98.493
|
| Yield: | 7.163%
|
| Spread: | Treasuries plus 462.5 bps
|
| Call: | Make-whole at Treasuries plus 50 bps
|
| Trade date: | March 19
|
| Settlement date: | March 24
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A-
|
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