By Aleesia Forni
Virginia Beach, April 9 - Anglo American Capital plc priced $1 billion of senior notes (Baa2/BBB/) in tranches due 2016 and 2021, according to a market source.
The company sold $500 million of two-year floating-rate notes at par to yield Libor plus 95 basis points.
Guidance was in the low-130 bps over Libor area.
A second tranche was $500 million of 4.125% seven-year notes priced at 99.62 to yield 4.187%, or Treasuries plus 195 bps.
Anglo American sold the fixed-rate notes 20 bps tighter that guidance.
The notes were priced under Rule 144A and Regulation S.
The bookrunners were BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Mitsubishi UFJ Securities (USA) Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, SMBC Nikko and Standard Chartered Bank.
The financing arm of mining company Anglo American plc is based in London.
| Issuer: | Anglo American Capital plc
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Joint bookrunners: | BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Mitsubishi UFJ Securities (USA) Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, SMBC Nikko, Standard Chartered Bank
|
| Trade date: | April 8
|
| Settlement date: | April 15
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Floaters due 2016
|
| Amount: | $500 million
|
| Maturity: | April 15, 2016
|
| Coupon: | Libor plus 95 bps
|
| Price: | Par
|
| Yield: | Libor plus 95 bps
|
| Price talk: | Libor plus low-130 bps area
|
|
|
| Notes due 2021
|
| Amount: | $500 million
|
| Maturity: | April 15, 2021
|
| Coupon: | 4.125%
|
| Price: | 99.62
|
| Yield: | 4.187%
|
| Spread: | Treasuries plus 195 bps
|
| Price talk: | Treasuries plus 215 bps area
|
© 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.
