By Andrea Heisinger
New York, Aug. 7 - CME Group Inc. priced $1.3 billion of notes (Aa3/AA/) in three tranches Thursday, and informed source said.
The $250 million of one-year floating-rate notes priced at par to yield three-month Libor plus 20 basis points.
The $300 million of two-year floaters priced at par to yield three-month Libor plus 65 bps.
Both of these floating-rate tranches are non-callable.
The $750 million of 5.4% five-year fixed-rate notes priced at 99.989 to yield 5.403%, or Treasuries plus 225 bps. They have a make-whole redemption option of Treasuries plus 35 bps.
All three tranches feature a change-of-control put of 101%.
Bookrunners were Banc of America Securities LLC and UBS Investment Bank.
Joint-lead managers were BMO Capital Markets and Mitsubishi UFJ Securities. Co-managers were Lloyds TSB Corporate Markets, PNC Capital Markets LLC and Scotia Capital.
Proceeds will be used to fund a portion of the cash purchase price from the merger of the company with the New York Mercantile Exchange.
The operator of two self-regulatory futures exchanges is based in Chicago.
| Issuer: | CME Group Inc.
|
| Total amount: | $1.3 billion
|
| Bookrunners: | Banc of America Securities LLC, UBS Investment Bank
|
| Joint lead managers: | BMO Capital Markets, Mitsubishi UFJ Securities
|
| Co-managers: | Lloyds TSB Corporate Markets, PNC Capital Markets LLC, Scotia Capital
|
| Change-of-control put: | 101%
|
| Trade date: | Aug. 7
|
| Settlement date: | Aug. 12
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
|
|
| One-year notes
|
| Amount: | $250 million
|
| Issue: | Floating-rate notes
|
| Maturity: | Aug. 6, 2009
|
| Coupon: | Three-month Libor plus 20 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 20 bps
|
| Call: | Non-callable
|
|
|
| Two-year notes
|
| Amount: | $300 million
|
| Issue: | Floating-rate notes
|
| Maturity: | Aug. 6, 2010
|
| Coupon: | Three-month Libor plus 65 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 65 bps
|
| Call: | Non-callable
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Issue: | Fixed-rate notes
|
| Maturity: | Aug. 1, 2013
|
| Coupon: | 5.4%
|
| Price: | 99.989
|
| Yield: | 5.403%
|
| Spread: | Treasuries plus 225 bps
|
| Call: | Make-whole at Treasuries plus 35 bps
|
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