By Andrea Heisinger
New York, Oct. 1 - NYSE Euronext sold $850 million of 2% five-year senior notes on Monday at Treasuries plus 145 basis points, an informed source said.
The notes (A3/A+/) were priced at 99.669 to yield 2.07%.
There is a make-whole call at Treasuries plus 25 bps and a change-of-control put feature at 101%.
Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and SG Americas Securities, LLC were the bookrunners.
Proceeds will be used to fund the purchase of $750 million of notes due 2013 in a tender offer and to retire at maturity any 2013 notes not purchased in the tender offer. Any remainder will be used to fund the purchase of up to €250 notes due 2015 in a tender offer, for the payment of tender offer expenses and for general corporate purposes.
NYSE Euronext last priced a deal in the U.S. bond market on May 21, 2008 when it priced $750 million of 4.8% five-year notes at 178 bps over Treasuries.
The global markets operator and provider of trading technology to the financial services industry is based in New York City.
| Issuer: | NYSE Euronext
|
| Issue: | Senior notes
|
| Amount: | $850 million
|
| Maturity: | Oct. 5, 2017
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SG Americas Securities LLC
|
| Coupon: | 2%
|
| Price: | 99.669
|
| Yield: | 2.07%
|
| Spread: | Treasuries plus 145 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Change-of-control put: | 101%
|
| Trade date: | Oct. 1
|
| Settlement date: | Oct. 5
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A+
|
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