By Aleesia Forni
Virginia Beach, Oct. 2 - Origin Energy Ltd. priced an upsized $800 million of five-year notes with a spread of Treasuries plus 215 basis points on Wednesday, according to a market source.
The notes priced at 99.818 to yield 3.54%.
Pricing was tight of talk.
Proceeds will be used to repay debt and for general corporate purposes.
BofA Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities LLC and UBS Securities LLC were the joint bookrunners for the Rule 144A and Regulation S deal.
The coal-seam gas producer is based in Sydney.
| Issuer: | Origin Energy Ltd.
|
| Amount: | $800 million, upsized from $400 million
|
| Description: | Notes
|
| Maturity: | Oct. 9, 2018
|
| Bookrunners: | BofA Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC
|
| Coupon: | 3.5%
|
| Price: | 99.818
|
| Yield: | 3.54%
|
| Spread: | Treasuries plus 215 bps
|
| Trade date: | Oct. 2
|
| Settlement date: | Oct. 7
|
| Price talk: | Treasuries plus 220 bps
|
| Distribution: | Rule 144A, Regulation S
|
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