By Andrea Heisinger
New York, Jan. 27 - ABN Amro Bank NV sold $2 billion of senior notes (Aa3/A/) in two parts late on Thursday, a source who worked on the trade said.
A $1 billion tranche of three-year floating-rate notes priced at par to yield Libor plus 177 basis points.
A $1 billion tranche of 3% three-year fixed-rate notes priced at 99.917 to yield 3.029% with a spread of Treasuries plus 205 bps.
Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. were the bookrunners.
The bank and financial services company is based in Amsterdam.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Senior notes
|
| Amount: | $2 billion
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co.
|
| Trade date: | Jan. 27
|
| Settlement date: | Feb. 1
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
|
|
| Three-year floaters
|
| Amount: | $1 billion
|
| Maturity: | Jan. 30, 2014
|
| Coupon: | Three-month Libor plus 177 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 177 bps
|
|
|
| Three-year fixed-rate notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 31, 2014
|
| Coupon: | 3%
|
| Price: | 99.917
|
| Yield: | 3.029%
|
| Spread: | Treasuries plus 205 bps
|
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