By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Aug. 3 –Paccar Financial Corp. sold $300 million of 0.5% three-year notes at 99.946 with a Treasuries plus 20 basis points spread, according to a market source and a 424B2 filing with the Securities and Exchange Commission.
The non-callable notes came with a 0.518% yield.
The notes, sold Tuesday, priced low to the Treasuries plus 35 bps area talk.
ING Financial Markets LLC, MUFG, SG Americas Securities LLC and U.S. Bancorp Investments Inc. were the bookrunners.
Paccar Financial is a financing arm of Bellevue, Wash.-based Paccar Inc.
| Issuer: | Paccar Financial Corp.
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | Aug. 9, 2024
|
| Bookrunners: | ING Financial Markets LLC, MUFG, SG Americas Securities LLC and U.S. Bancorp Investments Inc.
|
| Co-managers: | BNY Mellon Capital Markets, LLC, Loop Capital Markets LLC, Scotia Capital (USA) Inc. and Siebert Williams Shank & Co., LLC
|
| Coupon: | 0.5%
|
| Price: | 99.946
|
| Yield: | 0.518%
|
| Spread: | Treasuries plus 20 bps
|
| Trade date: | Aug. 3
|
| Settlement date: | Aug. 9
|
| Price talk: | Treasuries plus 35 bps area
|
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