By Aleesia Forni
Virginia Beach, Jan. 14 - ABN Amro Bank NV priced an upsized $750 million tap of its 2.5% senior notes (A2/A/A+) due Oct. 30, 2018 with a spread of Treasuries plus 85 basis points, according to an informed source.
Pricing was at 100.289 to yield 2.435%.
Proceeds will be used for general corporate purposes.
The sale was done under Rule 144A and Regulation S.
Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC Securities and Morgan Stanley & Co. LLC were the joint bookrunners.
The original $1 billion issue priced at 217 bps over Treasuries on Oct. 23.
The bank and financial services company is based in Amsterdam.
| Issuer: | ABN Amro Bank NV
|
| Amount: | $750 million, upsized from $650 million
|
| Description: | Senior notes
|
| Maturity: | Oct. 30, 2018
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC Securities, Morgan Stanley & Co. LLC
|
| Coupon: | 2.5%
|
| Price: | 100.289
|
| Yield: | 2.435%
|
| Spread: | Treasuries plus 85 bps
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 20
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Distribution: | Rule 144A, Regulation S
|
| Total issue size: | $1.75 billion, including $1 billion priced at 217 bps over Treasuries on Oct. 23, 2013
|
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