By Aleesia Forni
New York, Dec. 2 – ABN Amro Bank NV sold an upsized $750 million tap of its existing 2.45% senior bank notes (A2/A/A) due June 4, 2020 at Treasuries plus 90 basis points, a market source said.
The issue priced on Tuesday at 99.86 to yield 2.483%.
The deal was upsized from $500 million.
Bookrunners for the Rule 144A and Regulation S deal were BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
The Amsterdam-based bank and financial services company plans to use the proceeds for general corporate purposes.
The original $1 billion issue priced at 100 bps over Treasuries on May 28, 2015.
| Issuer: | ABN Amro Bank NV
|
| Amount: | $750 million, upsized from $500 million
|
| Description: | Add-on to senior bank notes
|
| Maturity: | June 4, 2020
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
|
| Coupon: | 2.45%
|
| Price: | 99.86
|
| Yield: | 2.483%
|
| Spread: | Treasuries plus 90 bps
|
| Trade date: | Dec. 1
|
| Settlement date: | Dec. 8
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Fitch: A
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Treasuries plus 95 bps area
|
| Total issue size: | $1.75 billion
|
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