By Sheri Kasprzak
New York, Nov. 8 - Amgen Inc. sold $6 billion of senior notes in four tranches, according to a term sheet.
The offering included $1 billion of three-year notes, $1 billion of five-year notes, $1.75 billion of 10-year notes and $2.25 billion of 30-year notes.
The 1.875% three-year notes priced at a spread of Treasuries plus 150 basis points. The notes were sold at 99.979 to yield 1.882%.
The 2.5% five-year notes priced at a spread of Treasuries plus 162.5 bps. The notes were priced at 99.897 to yield 2.522%.
The 3.875% 10-year notes priced at a spread of Treasuries plus 187.5 bps. The notes priced at 99.72 to yield 3.909%.
The 5.15% 30-year notes were sold at a spread of Treasuries plus 212.5 bps. The notes were priced at 99.168 to yield 5.205%.
The joint bookrunners were Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc.
Proceeds from the notes (Baa1/A+/BBB) will be used for the company's stock repurchase program, as well as for general corporate purposes.
Located in Thousand Oaks, Calif., Amgen manufactures and markets human therapeutics based upon advances in cellular and molecular biology.
| Issuer: | Amgen Inc.
|
| Issue: | Senior notes
|
| Amount: | $6 billion
|
| Bookrunners: | Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc.
|
| Co-senior managers: | Barclays Capital Inc., Deutsche Bank Securities Inc., UBS Securities LLC, Goldman Sachs & Co., Credit Suisse Securities (USA) LLC, Mitsubishi UFJ Securities (USA) Inc.
|
| Co-manager: | SMBC Nikko Capital Markets Ltd.
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 10
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A+
|
| Fitch: BBB
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | Nov. 15, 2014
|
| Coupon: | 1.875%
|
| Price: | 99.979
|
| Yield: | 1.882%
|
| Spread: | Treasuries plus 150 bps
|
| Call: | Non-callable
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Nov. 15, 2016
|
| Coupon: | 2.5%
|
| Price: | 99.897
|
| Yield: | 2.522%
|
| Spread: | Treasuries plus 162.5 bps
|
| Call: | Non-callable
|
|
|
| 10-year notes
|
| Amount: | $1.75 billion
|
| Maturity: | Nov. 15, 2021
|
| Coupon: | 3.875%
|
| Price: | 99.72
|
| Yield: | 3.909%
|
| Spread: | Treasuries plus 187.5 bps
|
| Call: | Non-callable
|
|
|
| 30-year notes
|
| Amount: | $2.25 billion
|
| Maturity: | Nov. 15, 2041
|
| Coupon: | 5.15%
|
| Price: | 99.168
|
| Yield: | 5.205%
|
| Spread: | Treasuries plus 212.5 bps
|
| Call: | Non-callable
|
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