By Andrea Heisinger
New York, June 14 - Astoria Financial Corp. sold $250 million of five-year senior notes at par to yield 5% on Thursday, according to a press release and an FWP filing with the Securities and Exchange Commission.
The deal was announced on Monday.
The notes (Baa2/BBB-/BBB-) were priced at a spread of Treasuries plus 426.2 basis points. There is a call option at par on or after the 30th day prior to maturity.
Jefferies & Co. and Sandler O'Neill & Partners LP were the bookrunners.
Co-managers were Barclays Capital Inc., Evercore Partners and RBC Capital Markets LLC.
Proceeds are being used to repay $250 million of 5.75% notes due 2012 and for general corporate purposes.
The bank holding company is based in Lake Success, N.Y.
| Issuer: | Astoria Financial Corp.
|
| Issue: | Senior notes
|
| Amount: | $250 million
|
| Maturity: | June 19, 2017
|
| Bookrunners: | Jefferies & Co., Sandler O'Neill & Partners LP
|
| Co-managers: | Barclays Capital Inc., Evercore Partners, RBC Capital Markets LLC
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Spread: | Treasuries plus 426.2 bps
|
| Call: | On or after 30th day prior to maturity
|
| Trade date: | June 14
|
| Settlement date: | June 19
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
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