By Andrea Heisinger
New York, June 3 - Vodafone Group plc sold $2.5 billion of notes (Baa1/A-/A-) in two tranches late Wednesday, an informed source said.
The $1.25 billion of 4.15% five-year notes priced at 99.933 to yield 4.165%, or Treasuries plus 175 basis points.
The $1.25 billion of 5.45% 10-year notes priced at 99.741 to yield 5.484%, or Treasuries plus 195 bps.
Both tranches have a make-whole call at 30 bps over Treasuries.
Bookrunners were Barclays Capital Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc. and Morgan Stanley & Co. Inc.
The mobile telecom company is based in Newbury, England.
| Issuer: | Vodafone Group plc
|
| Issue: | Notes
|
| Total amount: | $2.5 billion
|
| Bookrunners: | Barclays Capital Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc., Morgan Stanley & Co. Inc.
|
| Trade date: | June 3
|
| Settlement date: | June 10
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A-
|
| Fitch: A-
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | June 10, 2014
|
| Coupon: | 4.15%
|
| Price: | 99.933
|
| Yield: | 4.165%
|
| Spread: | Treasuries plus 175 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
|
|
| 10-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | June 10, 2019
|
| Coupon: | 5.45%
|
| Price: | 99.741
|
| Yield: | 5.484%
|
| Spread: | Treasuries plus 195 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
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