By Andrea Heisinger
New York, Sept. 6 - CME Group Inc. gave the terms of its upsized $750 million of 3% 10-year senior notes in an FWP filing with the Securities and Exchange Commission.
The deal size was increased from $500 million, the source said.
The notes (Aa3/AA-/) were sold at 99.691 to yield 3.036% with a spread of Treasuries plus 145 basis points.
There is a make-whole call at 25 bps over Treasuries, and the deal features a change-of-control put at 101%.
Active bookrunners were Bank of America Merrill Lynch, Barclays and UBS Securities LLC. Passive bookrunners were BMO Capital Markets Corp., Citigroup Global Markets Inc., Lloyds Securities, Mitsubishi UFJ Securities (USA) Inc. and Wells Fargo Securities LLC.
Proceeds, along with cash on hand, will be used to retire outstanding 5.4% notes due in August 2013.
The holding company of four futures exchanges is based in Chicago.
| Issuer: | CME Group Inc.
|
| Issue: | Senior notes
|
| Amount: | $750 million, upsized from $500 million
|
| Maturity: | Sept. 15, 2022
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays, UBS Securities LLC (active), BMO Capital Markets Corp., Citigroup Global Markets Inc., Lloyds Securities, Mitsubishi UFJ Securities (USA) Inc., Wells Fargo Securities LLC
|
| Co-managers: | BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., Scotia Capital (USA) Inc.
|
| Coupon: | 3%
|
| Price: | 99.691
|
| Yield: | 3.036%
|
| Spread: | Treasuries plus 145 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Change-of-control put: | 101%
|
| Trade date: | Sept. 5
|
| Settlement date: | Sept. 10
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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