By Andrea Heisinger
New York, May 8 - Network Rail Infrastructure Finance plc sold $1.75 billion of 0.875% five-year notes (Aa1/AAA/AAA) on Wednesday to yield mid-swaps plus 6 basis points, an informed source said.
The sale went overnight from Tuesday.
Pricing was at 99.552 to yield 0.967%.
BofA Merrill Lynch, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC were the bookrunners.
The sale was done under Rule 144A and Regulation S.
The government-operated rail infrastructure company in Great Britain is based in London.
| Issuer: | Network Rail Infrastructure Finance plc
|
| Issue: | Notes
|
| Amount: | $1.75 billion
|
| Maturity: | May 15, 2018
|
| Bookrunners: | BofA Merrill Lynch, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC
|
| Coupon: | 0.875%
|
| Price: | 99.552
|
| Yield: | 0.967%
|
| Spread: | Mid-swaps plus 6 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | May 8
|
| Settlement date: | May 15
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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