By Andrea Heisinger
New York, Sept. 21 - Anglo American Capital plc gave the terms of its $1.35 billion of notes (Baa1/BBB+/) priced in tranches due 2017 and 2022, a market source said.
A $750 million tranche of 2.625% five-year notes sold at 99.949 to yield 2.636% with a spread of 195 basis points over Treasuries. The bonds were sold tighter than talk in the low 200 bps area, the source said.
There is a make-whole call at 30 bps over Treasuries.
There was also $600 million of 4.125% 10-year notes offered at 99.248 to yield 4.218% with a spread of 245 bps over Treasuries. The tranche was priced in line with guidance in the mid 200 bps area.
The 10-year notes feature a make-whole call at Treasuries plus 40 bps.
The notes were priced under Rule 144A and Regulation S.
Barclays, Goldman Sachs & Co. and UBS Securities LLC were the 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, Regulation S
|
| Trade date: | Sept. 20
|
| Settlement date: | Sept. 27
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | Sept. 27, 2017
|
| Coupon: | 2.625%
|
| Price: | 99.949
|
| Yield: | 2.636%
|
| Spread: | Treasuries plus 195 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Price talk: | Low 200 bps area
|
|
|
| 10-year notes
|
| Amount: | $600 million
|
| Maturity: | Sept. 27, 2022
|
| Coupon: | 4.125%
|
| Price: | 99.248
|
| Yield: | 4.218%
|
| Spread: | Treasuries plus 245 bps
|
| Call: | Make-whole at Treasuries plus 40 bps
|
| Price talk: | Mid 200 bps area
|
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