By Cristal Cody
Tupelo, Miss., April 4 – ABN Amro Bank NV priced $1.25 billion in reopenings of two bonds (A1/A/A+) on Tuesday, according to a market source.
The company priced $600 in a tap of its floating-rate notes due Jan. 18, 2019 at Libor plus 54 basis points. The total outstanding now is $1.35 billion.
ABN Amro sold $650 million in an add-on to its 2.1% fixed-rate notes due Jan. 18, 2019 at a spread of Treasuries plus 85 bps. The issue now has $1.65 billion outstanding.
Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC were the bookrunners.
ABN Amro Bank is a Dutch bank based in Amsterdam.
| Issuer: | ABN Amro Bank NV
|
| Amount: | $1.25 billion reopenings
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC
|
| Trade date: | April 4
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: A+
|
|
|
| Two-year floaters
|
| Amount: | $600 million
|
| Maturity: | Jan. 18, 2019
|
| Coupon: | Libor plus 54 bps
|
| Total outstanding: | $1.35 billion
|
|
|
| Two-year notes
|
| Amount: | $650 million
|
| Maturity: | Jan. 18, 2019
|
| Coupon: | 2.1%
|
| Spread: | Treasuries plus 85 bps
|
| Total outstanding: | $1.65 billion
|
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