New Issue: ORIX prices $700 million 3.25% seven-year senior notes at 105 bps over Treasuries

By Cristal Cody

Tupelo, Miss., Nov. 28 – ORIX Corp. sold $700 million of 3.25% seven-year senior notes on Monday at a spread of 105 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.

The notes (A-/A-) priced at 99.87 to yield 3.271%.

J.P. Morgan Securities LLC, Goldman Sachs & Co., BofA Merrill Lynch and Mizuho Securities USA LLC were the bookrunners.

Proceeds will be used for general corporate purposes.

The financial services company is based in Tokyo.

Issuer:	ORIX Corp.
Amount:	$700 million
Description:	Senior notes
Maturity:	Dec. 4, 2024
Bookrunners:	J.P. Morgan Securities LLC, Goldman Sachs & Co., BofA Merrill Lynch and Mizuho Securities USA LLC
Co-managers:	Australia and New Zealand Banking Group Ltd., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole CIB, Daiwa Capital Markets America Inc., Deutsche Bank Securities Inc., ING Bank NV, Singapore Branch, Morgan Stanley & Co. LLC, Nomura Securities International, Inc., SMBC Nikko Securities America, Inc. and Standard Chartered Bank
Coupon:	3.25%
Price:	99.87
Yield:	3.271%
Spread:	Treasuries plus 105 bps
Trade date:	Nov. 27
Settlement date:	Dec. 4
Ratings:	S&P: A-
	Fitch: A-
Distribution:	SEC registered

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