New Issue: John Deere Capital sells $500 million 2.65% 10-year senior notes at 95 bps spread

By Cristal Cody

Eureka Springs, Ark., June 7 – John Deere Capital Corp. sold $500 million of 2.65% 10-year senior medium-term notes at 99.983 to yield 2.652% on Tuesday, according to an FWP filing with the Securities and Exchange Commission.

The series F notes (A2/A) priced with a spread of 95 basis points over Treasuries.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., MUFG and BBVA Securities Inc. were the bookrunners.

John Deere Capital is a financing arm of Moline, Ill.-based farm equipment supplier Deere & Co.

Issuer:	John Deere Capital Corp.
Amount:	$500 million
Maturity:	June 10, 2026
Securities:	Senior medium-term notes
Bookrunners:	Citigroup Global Markets Inc., HSBC Securities (USA) Inc., MUFG, BBVA Securities Inc.
Co-managers:	BBVA Securities Inc., BNP Paribas Securities Corp., Williams Capital Group, LP
Coupon:	2.65%
Price:	99.983
Yield:	2.652%
Spread:	Treasuries plus 95 bps
Call feature:	None
Pricing date:	June 7
Settlement date:	June 10
Ratings:	Moody’s: A2
	S&P: A
Distribution:	SEC registered

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