By Aleesia Forni
New York, Feb. 22 – Roche Holdings Inc. sold $1 billion of 2.625% 10-year senior notes on Monday at Treasuries plus 98 basis points, a market source said.
The notes (A1/AA) sold via Rule 144A and Regulation S at 99.004 to yield 2.737%.
Pricing was at the tightest side of guidance set in the Treasuries plus 100 bps area.
Bookrunners were Citigroup Global Markets Inc., MUFG and Credit Suisse Securities.
Proceeds will be used for general corporate purposes.
Roche is a Basel, Switzerland-based drug maker.
| Issuer: | Roche Holdings Inc.
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | 2026
|
| Bookrunners: | Citigroup Global Markets Inc., MUFG, Credit Suisse Securities
|
| Coupon: | 2.625%
|
| Price: | 99.004
|
| Yield: | 2.737%
|
| Spread: | Treasuries plus 98 bps
|
| Trade date: | Feb. 22
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: AA
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Treasuries plus 100 bps area
|
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