By Rebecca Melvin
New York, April 3 – LeasePlan Corp. NV priced €500 million 3.5% five-year green bonds (Baa1/BBB-/BBB+) at 99.964 to yield 3.508%, or mid-swaps plus 375 basis points, according to a market source on Friday.
The issue priced under LeasePlan’s €15 billion medium-term note program originating on March 27, 2020.
Bookrunners of the Regulation S notes are Danske Bank, HSBC, ING (green structurer), JPMorgan and Societe Generale (billing and delivery).
The proceeds will be used to finance projects as set out in the green finance framework.
LeasePlan is an automobile leasing and fleet management company with headquarters in the Netherlands.
| Issuer: | LeasePlan Corp. NV
|
| Issue: | Senior green bonds
|
| Amount: | €500 million
|
| Maturity: | April 9, 2025
|
| Bookrunners: | Danske Bank, HSBC, ING (green structurer), JPMorgan and Societe Generale (billing and delivery)
|
| Coupon: | 3.5%
|
| Price: | 99.964
|
| Yield: | 3.508%
|
| Spread: | Mid-swaps plus 375 bps
|
| Pricing date: | April 3
|
| Settlement date: | April 9
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB-
|
| Fitch: BBB+
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
