Published on 9/4/2013 in the Prospect News Investment Grade Daily.
New Issue: CME Group prices $750 million 5.3% 30-year bonds at 148 bps spread
By Cristal Cody
Tupelo, Miss., Sept. 4 - CME Group Inc. sold $750 million of 5.3% 30-year bonds at 99.82 to yield a spread of 148 basis points over Treasuries on Wednesday, according to a syndicate source.
The bonds (Aa3/AA-/) are due Sept. 15, 2043.
The syndicate included Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., Wells Fargo Securities LLC, BMO Capital Markets Corp., Lloyds Securities Inc., Mitsubishi UFJ Securities (USA) Inc. and UBS Investment Bank.
CME Group, a Chicago-based holding company, plans to use the proceeds and cash on hand to retire at maturity $750 million outstanding of 5.75% notes due February 2014 and for general corporate purposes.
Issuer: | CME Group Inc.
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Amount: | $750 million
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Maturity: | Sept. 15, 2043
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Securities: | Bonds
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Bookrunners: | Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., Wells Fargo Securities LLC, BMO Capital Markets Corp., Lloyds Securities Inc., Mitsubishi UFJ Securities (USA) Inc., UBS Investment Bank
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Coupon: | 5.3%
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Price: | 99.82
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Spread: | 148 bps plus Treasuries
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Pricing date: | Sept. 4
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Settlement date: | Sept. 9
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Ratings: | Moody's: Aa3
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| Standard & Poor's: AA-
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