Visa talks benchmark six-part note offering for Visa Europe acquisition; pricing Wednesday

By Aleesia Forni

New York, Dec. 9 – Visa Inc. set price talk for a benchmark offering of senior notes (A1/A+) in six parts on Wednesday, according to an informed source and a 424B2 filing with the Securities and Exchange Commission.

The offering includes notes due 2017 talked in the 50 basis points area over Treasuries, notes due 2020 talked in the 80 bps area over Treasuries and a tranche due 2022 talked in the Treasuries plus 105 bps area.

A tranche of notes due 2025 is talked in the 120 bps area over Treasuries, a tranche due 2035 is talked in the 140 bps area over Treasuries and a piece due 2045 is talked in the Treasuries plus 155 bps area.

BofA Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC, Barclays, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., MUFG, RBC Capital Markets LLC and Standard Chartered Bank are the bookrunners.

Proceeds will be used to fund a portion of the purchase price for the acquisition of Visa Europe Ltd. and the remainder for general corporate purposes.

San Francisco’s Visa operates a retail electronic payments network.

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