By Cristal Cody
Tupelo, Miss., Jan. 8 – ORIX Corp. sold $500 million of 4.05% five-year senior notes (A3/A-/A-) on Tuesday at a spread of 150 basis points over Treasuries, according to a market source.
The notes priced tighter than initial talk in the Treasuries plus 165 bps area.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and SMBC Nikko Securities America, Inc. were the bookrunners.
Proceeds will be used for general corporate purposes.
The financial services company is based in Tokyo.
| Issuer: | ORIX Corp.
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Jan. 16, 2024
|
| Bookrunners: | Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and SMBC Nikko Securities America, Inc.
|
| Coupon: | 4.05%
|
| Spread: | Treasuries plus 150 bps
|
| Trade date: | Jan. 8
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Fitch: A-
|
| Distribution: | SEC registered
|
| Price guidance: | Treasuries plus 165 bps area
|
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