By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Sept. 18 – Nissan Motor Acceptance Corp. priced $1 billion of notes (A3/A-) in two maturities on Sept. 12, according to a market source.
The company sold $300 million of 6.95% three-year notes with a spread of 225 basis points over Treasuries, tighter than talk in the 270 bps over Treasuries area.
A $700 million tranche of 7.05% five-year notes sold at 265 bps over Treasuries. Pricing was tighter than talk in the Treasuries plus 300 bps area.
The bookrunners were BofA Securities, Inc., Mizuho Securities USA Inc., SG Americas Securities, LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.
The financing and leasing company for Nissan vehicles is based in Irving, Tex.
| Issuer: | Nissan Motor Acceptance Corp.
|
| Amount: | $1 billion
|
| Issue: | Notes
|
| Bookrunners: | BofA Securities, Inc., Mizuho Securities USA Inc., SG Americas Securities, LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC
|
| Trade date: | Sept. 12
|
|
|
| Three-year notes
|
| Amount: | $300 million
|
| Maturity: | Sept. 15, 2026
|
| Coupon: | 6.95%
|
| Spread: | Treasuries plus 225 bps
|
| Price talk: | Treasuries plus 270 bps area
|
|
|
| Five-year notes
|
| Amount: | $700 million
|
| Maturity: | Sept. 15, 2028
|
| Coupon: | 7.05%
|
| Spread: | Treasuries plus 265 bps
|
| Price talk: | Treasuries plus 300 bps area
|
|
|
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