By Aleesia Forni
Virginia Beach, Oct. 24 - ABN Amro Bank NV sold $2.5 billion of senior notes in two tranches, according to an informed source.
The company sold $1.5 billion of three-year floating-rate notes at par to yield Libor plus 80 basis points.
There was also $1 billion of 2.5% notes due 2018 sold at Treasuries plus 127 bps, or 99.841 to yield 2.534%.
The sale was done under Rule 144A and Regulation S.
Barclays, Citigroup Global Markets Inc., HSBC Securities, Goldman Sachs & Co. and Morgan Stanley & Co. LLC were the bookrunners.
The bank and financial services company is based in Amsterdam.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Senior notes
|
| Amount: | $2.5 billion
|
| Joint bookrunners: | Barclays, Citigroup Global Markets Inc., HSBC Securities, Goldman Sachs & Co., Morgan Stanley & Co. LLC
|
| Trade date: | Oct. 23
|
| Settlement date: | Oct. 30
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Notes due 2016
|
| Amount: | $1.5 billion
|
| Maturity: | Oct. 28, 2016
|
| Coupon: | Libor plus 80 bps
|
| Price: | Par
|
| Yield: | Libor plus 80 bps
|
|
|
| Notes due 2018
|
| Amount: | $1 billion
|
| Maturity: | Oct. 30, 2018
|
| Coupon: | 2.5%
|
| Price: | 99.841
|
| Yield: | 2.534%
|
| Spread: | Treasuries plus 127 bps
|
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