By Aleesia Forni
Virginia Beach, May 28 – ABN Amro Bank NV sold $1.5 billion of senior notes (A3/A/A) in two tranches on Thursday, according to an informed source.
A $500 million 1.8% three-year note priced at 99.939 to yield 1.821%, or Treasuries plus 87.5 basis points.
A $1 billion issue of 2.45% five-year notes priced at 99.78 to yield 2.497% with a spread of 100 bps over Treasuries.
The sale was done under Rule 144A and Regulation S.
BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC 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: | $1.5 billion
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
|
| Trade date: | May 28
|
| Settlement date: | June 4
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Notes due 2018
|
| Amount: | $500 million
|
| Maturity: | June 4, 2018
|
| Coupon: | 1.8%
|
| Price: | 99.939
|
| Yield: | 1.821%
|
| Spread: | Treasuries plus 87.5 bps
|
|
|
| Notes due 2020
|
| Amount: | $1 billion
|
| Maturity: | June 4, 2020
|
| Coupon: | 2.45%
|
| Price: | 99.78
|
| Yield: | 2.497%
|
| Spread: | Treasuries plus 100 bps
|
|
|
|
|
© 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.
