By Andrea Heisinger
New York, Sept. 20 - Anglo American Capital plc priced $1.35 billion of notes (Baa1/BBB+/) in tranches due 2017 and 2022, a market source said on Thursday.
A $750 million tranche of 2.625% five-year notes sold at a spread of 195 basis points over Treasuries. The bonds were sold tighter than talk that was set in the low 200 bps area, the source said.
There was also $600 million of 4.125% 10-year notes offered at a spread at 245 bps over Treasuries. The tranche was priced in line with guidance in the mid 200 bps area.
The notes were priced under Rule 144A and Regulation S.
Full terms were unavailable at press time.
Barclays, Goldman Sachs & Co. and UBS Securities LLC were bookrunners.
The financing arm of mining company Anglo American plc is based in London.
| Issuer: | Anglo American Capital plc
|
| Issue: | Notes
|
| Amount: | $1.35 billion
|
| Bookrunners: | Barclays, Goldman Sachs & Co., UBS Securities LLC
|
| Distribution: | Rule 144A, Reg. S
|
| Trade date: | Sept. 20
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | 2017
|
| Coupon: | 2.625%
|
| Spread: | Treasuries plus 195 bps
|
| Price talk: | Low 200 bps area
|
|
|
| Ten-year notes
|
| Amount: | $600 million
|
| Maturity: | 2022
|
| Coupon: | 4.125%
|
| Spread: | Treasuries plus 245 bps
|
| Price talk: | Mid 200 bps area
|
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