By Aleesia Forni
Virginia Beach, Feb. 26 - Nissan Motor Acceptance Corp. priced $1 billion of three- and five-year senior notes, according to an informed source.
The sale included $500 million of floating-rate notes due 2017 priced at par to yield Libor plus 55 basis points.
A $500 million tranche of 2.35% five-year notes sold with a spread of Treasuries plus 85 bps. Pricing was at 99.953 to yield 2.36%.
Barclays, Citigroup Global Markets Inc., Mizuho Securities USA Inc. and Societe Generale were the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for general corporate purposes.
The financing and leasing company for Nissan vehicles is based in Irving, Texas.
| Issuer: | Nissan Motor Acceptance Corp.
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Joint bookrunners: | Barclays, Citigroup Global Markets Inc., Mizuho Securities, Societe Generale
|
| Trade date: | Feb. 25
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Floaters due 2017
|
| Amount: | $500 million
|
| Maturity: | March 3, 2017
|
| Coupon: | Libor plus 55 bps
|
| Price: | Par
|
| Yield: | Libor plus 55 bps
|
|
|
| Notes due 2019
|
| Amount: | $500 million
|
| Maturity: | March 4, 2019
|
| Coupon: | 2.35%
|
| Price: | 99.953
|
| Yield: | 2.36%
|
| Spread: | Treasuries plus 85 bps
|
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