Xstrata Finance pricing notes in four maturities on Thursday

By Andrea Heisinger

New York, Oct. 18 - Xstrata Finance (Canada) Ltd. is planning to sell notes (Baa2/BBB+/) in four maturities on Thursday, a market source told Prospect News.

There is a three-year note being talked in the Treasuries plus 160 basis points area, a five-year tranche with guidance in the 200 bps area, a 10-year note talked in the 250 bps area and a 30-year bond with guidance in the 262.5 bps area.

The sale features a change-of-control put at 101%.

The bonds are being priced under Rule 144A and Regulation S.

Barclays, J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and RBS Securities Inc. are the bookrunners.

Xstrata was last in the U.S. bond market with a $3 billion offering in four tranches on Nov. 3, 2011.

The finance unit of mining company Xstrata plc is based in Toronto.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.