By Andrea Heisinger
New York, April 20 - Abbey National Treasury Services plc sold $2.5 billion of notes (Aa3/AA/AA-) in three tranches on Wednesday, an informed source said.
The $1 billion of three-year floating-rate notes priced at par to yield three-month Libor plus 158 basis points.
A $500 million tranche of 2.875% three-year notes priced at 99.77 to yield 2.956% with a spread of Treasuries plus 180 bps.
A $1 billion tranche of 4% five-year notes priced at 99.96 to yield 4.009%, or Treasuries plus 190 bps.
The notes are guaranteed by Santander UK plc.
Bookrunners were Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Santander and UBS Securities LLC.
Proceeds are being used for general corporate purposes.
Issuer: | Abbey National Treasury Services plc
|
Guarantor: | Santander UK plc
|
Issue: | Notes
|
Amount: | $2.5 billion
|
Bookrunners: | Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Santander, UBS Securities LLC
|
Trade date: | April 20
|
Settlement date: | April 27
|
Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Fitch: AA-
|
|
Three-year floaters
|
Amount: | $1 billion
|
Maturity: | April 25, 2014
|
Coupon: | Three-month Libor plus 158 bps
|
Price: | Par
|
Yield: | Three-month Libor plus 158 bps
|
Call: | Non-callable
|
|
Three-year fixed-rate notes
|
Amount: | $500 million
|
Maturity: | April 26, 2014
|
Coupon: | 2.875%
|
Price: | 99.77
|
Yield: | 2.956%
|
Spread: | Treasuries plus 180 bps
|
Call: | Non-callable
|
|
Five-year notes
|
Amount: | $1 billion
|
Maturity: | April 26, 2016
|
Coupon: | 4%
|
Price: | 99.96
|
Yield: | 4.009%
|
Spread: | Treasuries plus 190 bps
|
Call: | Non-callable
|
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