By Andrea Heisinger
New York, Nov. 4 - Abbey National Treasury Services plc priced $1.5 billion of 3.875% five-year notes on Wednesday to yield Treasuries plus 150 basis points, a source away from the deal said.
The Rule 144A notes (Aa3/AA/AA-) priced at 99.977 to yield 3.88% and are non-callable.
Barclays Capital and Credit Suisse Securities ran the books.
The financial services company is based in London.
| Issuer: | Abbey National Treasury Services plc
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | Nov. 10, 2014
|
| Bookrunners: | Barclays Capital, Credit Suisse Securities
|
| Coupon: | 3.875%
|
| Price: | 99.977
|
| Yield: | 3.88%
|
| Spread: | Treasuries plus 150 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | Nov. 4
|
| Settlement date: | Nov. 10
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Fitch: AA-
|
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