By Andrea Heisinger
New York, Nov. 5 - Invesco Finance plc priced $600 million of 3.125% 10-year senior notes (A3/A-/) on Monday at a spread of Treasuries plus 145 basis points, an informed source said.
Pricing was at 99.921 to yield 3.134%. There is a make-whole call at Treasuries plus 25 bps.
Bank of America Merrill Lynch, Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. were the bookrunners.
Proceeds will be used to repay all or a portion of amounts outstanding under an existing credit facility and to purchase, redeem or retire outstanding 5.375% notes due 2013 and 5.375% notes due 2014.
The notes are guaranteed by the issuer's London-based parent company, investment manager Invesco Ltd.
| Issuer: | Invesco Finance plc
|
| Guarantor: | Invesco Ltd.
|
| Issue: | Senior notes
|
| Amount: | $600 million
|
| Maturity: | Nov. 30, 2022
|
| Bookrunners: | Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc.
|
| Coupon: | 3.125%
|
| Price: | 99.921
|
| Yield: | 3.134%
|
| Spread: | Treasuries plus 145 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Nov. 5
|
| Settlement date: | Nov. 8
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
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