MasterCard to price three-part offering of dollar notes, including sustainability bonds

By Rebecca Melvin and Cristal Cody

New York, March 2 – MasterCard Inc. plans to sell three tranches of dollar-denominated fixed-rate notes on Tuesday, including one tranche of sustainability bonds, according to a 424B2 filing with the Securities and Exchange Commission.

According to market source, the issuer is offering 10- and 30-year notes and a tranche of sustainability notes.

The notes due March 15, 2031 are talked in the Treasuries plus 75 basis points to 80 bps area.

The notes due March 15, 2051 have initial talk in the Treasuries plus 100 bps area.

All three tranches have a make-whole call and then a par call.

BofA Securities Inc. is the sustainability structuring agent and joint bookrunning manager, together with Deutsche Bank Securities Inc., NatWest Markets Securities Inc. and U.S. Bancorp Investments Inc. as joint bookrunning managers.

Proceeds will be used for general corporate purposes, while proceeds from the sustainability bonds may be used to finance expenditures that meet eligibility criteria such as green building, energy efficiency, renewable, climate action and pollution prevention.

MasterCard is a Purchase, N.Y., global payment solutions company.

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