New Issue: Invesco prices $500 million 3.75% long 10-year notes at Treasuries plus 170 bps

By Aleesia Forni

Virginia Beach, Oct. 8 – Invesco Finance plc, a subsidiary of Invesco Ltd., sold $500 million of 3.75% senior notes (A2/A/A-) due Jan. 15, 2026 at Treasuries plus 170 basis points on Thursday, according to a market source and an FWP filed with the Securities and Exchange Commission.

Pricing was at 99.742 to yield 3.779%.

Guidance was set in the 175 bps area over Treasuries, having firmed from talk set in the 187.5 bps area over Treasuries.

Morgan Stanley & Co. LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. are the joint bookrunners.

Invesco, an Atlanta-based global investment management firm, intends to use the proceeds to repay all or a portion of the amount currently drawn on its existing credit facility and for general corporate purposes.

Issuer:	Invesco Finance plc
Guarantor:	Invesco Ltd.
Amount:	$500 million
Description:	Senior notes
Maturity:	Jan. 15, 2026
Bookrunners:	Morgan Stanley & Co. LLC, BofA Merrill Lynch, Citigroup Global Markets Inc.
Co-managers:	BNY Mellon Capital Markets, LLC, CIBC World Markets Corp., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, MUFG, TD Securities (USA) LLC, Wells Fargo Securities, LLC
Coupon:	3.75%
Price:	99.742
Yield:	3.779%
Spread:	Treasuries plus 170 bps
Make-whole call:	Treasuries plus 25 bps
Trade date:	Oct. 8
Settlement date:	Oct. 14
Ratings:	Moody’s: A2
	Standard & Poor’s: A
	Fitch: A-
Distribution:	SEC registered
Price guidance:	Treasuries plus 175 bps area, tightened from Treasuries plus 187.5 bps area

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