By Aleesia Forni
Virginia Beach, May 7 – Anglo American Capital plc priced a $1.5 billion issue of senior notes on Thursday in a Rule 144A and Regulation S deal, a market source said.
There was $850 million of 3.625% notes due 2020 sold at 99.778 to yield 3.674%, or Treasuries plus 212.5 basis points.
The notes were guided in the 225 bps area over Treasuries having tightened from the Treasuries plus 237.5 bps area.
Meantime, $650 million of 4.875% notes due 2025 sold with a spread of Treasuries plus 275 bps.
The issue priced at 99.578 to yield 4.929%.
The notes sold tight of guidance set in the Treasuries plus 287.5 bps area. Guidance was unchanged from initial talk.
The bookrunners were Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC.
Proceeds from the sale (Baa2/BBB-/) will be used for general corporate purposes.
The financing arm of mining company Anglo American plc is based in London.
| Issuer: | Anglo American Capital plc
|
| Issue: | Senior notes
|
| Amount: | $1.5 billion
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC
|
| Trade date: | May 7
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB-
|
| Fitch:
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Five-year notes
|
| Amount: | $850 million
|
| Maturity: | May 14, 2020
|
| Coupon: | 3.625%
|
| Price: | 99.778
|
| Yield: | 3.674%
|
| Spread: | 212.5 bps
|
| Price guidance: | 225 bps area, tightened from 237.5 bps area
|
|
|
| 10-year notes
|
| Amount: | $650 million
|
| Maturity: | May 14, 2025
|
| Coupon: | 4.875%
|
| Price: | 99.578
|
| Yield: | 4.929%
|
| Spread: | 275 bps
|
| Price guidance: | 287.5 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.
