By Cristal Cody
Tupelo, Miss., Sept. 11 – Mitsubishi UFJ Lease & Finance Co. Ltd. (A3/A/) priced $500 million of 2.652% five-year senior notes on Monday at a spread of Treasuries plus 95 basis points, according to a market source.
The notes were talked to price with a spread in the 100 bps area.
BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners for the Rule 144A and Regulation S deal.
The company held a roadshow for the offering last week.
The Tokyo-based company and subsidiaries provide leasing and asset finance services.
| Issuer: | Mitsubishi UFJ Lease & Finance Co. Ltd.
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Sept. 19, 2022
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Coupon: | 2.652%
|
| Spread: | Treasuries plus 95 bps
|
| Trade date: | Sept. 11
|
| Company ratings: | Moody’s: A3
|
| S&P: A
|
| Distribution: | Rule 144A, Regulation S
|
| Price talk: | Treasuries plus 100 bps area
|
| Marketing: | Roadshow
|
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