By Andrea Heisinger
New York, Oct. 6 - Australia's Origin Energy sold an upsized $500 million of 5.45% 10-year notes on Thursday to yield Treasuries plus 350 basis points, a source close to the trade said.
The deal size was increased from $400 million.
The notes (Baa1/BBB+/) were sold at 99.695 to yield 5.49%.
The securities priced under Rule 144A and Regulation S.
Bank of America Merrill Lynch and J.P. Morgan Securities LLC were the bookrunners.
The coal-seam gas producer is based in Sydney.
| Issuer: | Origin Energy
|
| Issue: | Notes
|
| Amount: | $500 million, increased from $400 million
|
| Maturity: | Oct. 14, 2021
|
| Bookrunners: | Bank of America Merrill Lynch, J.P. Morgan Securities LLC
|
| Coupon: | 5.45%
|
| Price: | 99.695
|
| Yield: | 5.49%
|
| Spread: | Treasuries plus 350 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | Oct. 6
|
| Settlement date: | Oct. 14
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
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