By Cristal Cody
Tupelo, Miss., March 19 – Unilever Capital Corp. sold $2.1 billion of guaranteed senior notes (A1/A+/A+) in four tranches on the tight side of guidance on Monday, according to a market source.
The company priced $400 million of 2.75% three-year notes at a spread of Treasuries plus 48 basis points.
Unilever sold $550 million of 3.125% five-year notes at a Treasuries plus 63 bps spread.
The company sold $350 million of 3.375% seven-year notes at a spread of 75 bps over Treasuries.
Unilever also priced $800 million of 3.5% 10-year notes at a Treasuries plus 83 bps spread.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC were the bookrunners.
The notes are guaranteed unconditionally by Unilever NV, Unilever plc and Unilever United States, Inc.
Proceeds will be for general corporate purposes.
The U.S. office of the Dutch and English consumer goods company is based in Englewood Cliffs, N.J.
| Issuer: | Unilever Capital Corp.
|
| Guarantors: | Unilever NV, Unilever plc and Unilever United States, Inc.
|
| Amount: | $2.1 billion
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC
|
| Trade date: | March 19
|
| Ratings: | Moody’s: A1
|
| S&P: A+
|
| Fitch: A+
|
| Distribution: | SEC registered
|
|
|
| Three-year notes
|
| Amount: | $400 million
|
| Maturity: | March 22, 2021
|
| Coupon: | 2.75%
|
| Spread: | Treasuries plus 48 bps
|
| Price guidance: | Treasuries plus 50 bps area
|
|
|
| Five-year notes
|
| Amount: | $550 million
|
| Maturity: | March 22, 2023
|
| Coupon: | 3.125%
|
| Spread: | Treasuries plus 63 bps
|
| Price guidance: | Treasuries plus 65 bps area
|
|
|
| Seven-year notes
|
| Amount: | $350 million
|
| Maturity: | March 22, 2025
|
| Coupon: | 3.375%
|
| Spread: | Treasuries plus 75 bps
|
| Price guidance: | Treasuries plus 77 bps area
|
|
|
| 10-year notes
|
| Amount: | $800 million
|
| Maturity: | March 22, 2028
|
| Coupon: | 3.5%
|
| Spread: | Treasuries plus 83 bps
|
| Price guidance: | Treasuries plus 85 bps area
|
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