New Issue: Yara International sells $500 million 3.8% 10-year notes at 200 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., June 1 – Yara International ASA sold $500 million of 3.8% 10-year notes (Baa2/BBB) at 200 basis points over Treasuries on Wednesday, according to a market source.

The notes were talked to price at Treasuries plus 205 bps, plus or minus 5 bps.

Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC were the lead managers.

Yara International is a chemical company based in Oslo.

Issuer:	Yara International ASA
Amount:	$500 million
Maturity:	June 6, 2026
Securities:	Senior notes
Bookrunners:	Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC
Coupon:	3.8%
Spread:	Treasuries plus 200 bps
Pricing date:	June 1
Ratings:	Moody’s: Baa2
	S&P: BBB
Distribution:	SEC registered
Price guidance:	Treasuries plus 205 bps, plus or minus 5 bps

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