By Andrea Heisinger
New York, Nov. 17 - Vodafone Group plc sold $500 million of 3.375% six-year senior unsecured notes on Tuesday to yield Treasuries plus 135 basis points, an informed source said.
The deal priced in line with guidance, he said.
The notes (Baa1/A-/A-) priced at 99.2 to yield 3.524%. There is a make-whole call at Treasuries plus 25 bps.
Deutsche Bank Securities, Goldman Sachs & Co. and Morgan Stanley ran the books.
The phone company is based in London.
| Issuer: | Vodafone Group plc
|
| Issue: | Senior unsecured notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 24, 2015
|
| Bookrunners: | Deutsche Bank Securities, Goldman Sachs & Co., Morgan Stanley
|
| Coupon: | 3.375%
|
| Price: | 99.2
|
| Yield: | 3.524%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Nov. 17
|
| Settlement date: | Nov. 24
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Price talk: | 135 bps
|
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