Published on 4/24/2019 in the Prospect News Investment Grade Daily.
New Issue: Marubeni prices $500 million 3.56% five-year senior bonds at 118 bps over Treasuries
By Cristal Cody
Tupelo, Miss., April 24 – Marubeni Corp. priced $500 million of 3.56% five-year senior bonds (Baa2/BBB) at a spread of 118 basis points over Treasuries on Tuesday, according to a market source.
The straight bonds are due April 26, 2024.
Marubeni is a Tokyo-based general trading company.
| Issuer: | Marubeni Corp.
|
| Amount: | $500 million
|
| Description: | Senior bonds
|
| Maturity: | April 26, 2024
|
| Coupon: | 3.56%
|
| Spread: | Treasuries plus 118 bps
|
| Trade date: | April 23
|
| Settlement date: | April 26
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
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