By Paul A. Harris
St. Louis, April 2 - Anglo American Capital plc priced $2 billion of 9.375% senior notes (Baa1/BBB/A) in two tranches on Thursday, according to an informed source.
The deal included $1.25 billion of five-year notes and $750 million of 10-year notes.
Both tranches were priced at par and yield 9.375%.
Goldman Sachs & Co., Morgan Stanley & Co. Inc. and RBS Securities Inc. were joint bookrunners for the Rule 144A transaction. The co-managers were BNP Paribas Securities Corp. and Barclays Capital Inc.
The issuer is the financing unit for a mining group based in London.
| Issuer: | Anglo American Capital plc
|
| Total amount: | $2 billion
|
| Security description: | Senior notes
|
| Bookrunners: | Goldman Sachs & Co., Morgan Stanley & Co. Inc., RBS Securities Inc.
|
| Co-managers: | BNP Paribas Securities Corp. and Barclays Capital Inc.
|
| Coupon: | 9.375%
|
| Price: | Par
|
| Yield: | 9.375%
|
| Call protection: | Non-callable, make-whole provision at Treasuries plus 50 bps
|
| Trade date: | April 2
|
| Settlement date: | April 8
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: A
|
| Distribution: | Rule 144A
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | April 8, 2014
|
| Spread: | 763 bps
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | April 8, 2019
|
| Spread: | 661 bps
|
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