By Cristal Cody
Chicago, Sept. 18 – ABN Amro Bank NV priced a $1.75 billion two-part offering of notes due in 2027, according to information from a market source regarding the Sept. 11 deal.
The bank priced $500 million of floating-rate notes with a coupon based on SOFR plus 178 basis points. The notes have three years of call protection.
The bank also priced $1.25 billion of 6.339% notes. The spread priced at 165 bps to Treasuries after talk in the 195 bps area.
ABN Amro Bank NV, Citigroup, Goldman Sachs, Morgan Stanley, TD Bank and Wells Fargo Securities were the bookrunners.
The bank is based in Amsterdam.
| Issuer: | ABN Amro Bank NV
|
| Amount: | $1.75 billion
|
| Issue: | Notes
|
| Maturity: | Sept. 18, 2027
|
| Bookrunners: | ABN Amro Bank NV, Citigroup, Goldman Sachs, Morgan Stanley, TD Bank and Wells Fargo Securities
|
| Call features: | Three years of call protection
|
| Trade date: | Sept. 11
|
|
|
| Floating-rate bonds
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| Amount: | $500 million
|
| Issue: | Floating-rate bonds
|
| Maturity: | Sept. 18, 2027
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| Coupon: | SOFR plus 178 bps
|
| Price talk: | SOFR plus equivalent
|
|
|
| Fixed-rate bonds
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| Amount: | $1.25 billion
|
| Issue: | Bonds
|
| Coupon: | 6.339%
|
| Spread: | Treasuries plus 165 bps
|
| Price talk: | Treasuries plus 195 bps area
|
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