Anthem intends to conduct offering of fixed-rate notes in four parts

By Devika Patel

Knoxville, Tenn., March 8 – Anthem, Inc. plans to offer fixed-rate notes in four tranches, according to a 424B3 filing with the Securities and Exchange Commission.

Price talk for the notes due March 15, 2023 is for a spread in the Treasuries plus 60 basis points area.

The notes due March 15, 2026 are being talked with a spread in the Treasuries plus 85 bps area.

The tranche of notes due March 15, 2031 are being talked in the Treasuries plus 120 bps area.

And, the March 15, 2041 notes are being talked in a range of the Treasuries plus 145 bps to 150 bps area.

All of the notes will have a make-whole call until maturity for the 2023 notes, until one month prior to maturity for the 2026 notes, until three months prior to maturity for the 2031 notes and until six months prior to maturity for the 2051 notes, then a par call for all of the notes.

Citigroup Global Markets Inc., Barclays and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used for working capital and general corporate purposes.

Indianapolis-based Anthem is a health benefits company.

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