By Cristal Cody
Tupelo, Miss., March 30 – Anglo American Capital plc priced $1.5 billion of notes (Baa2/BBB/BBB) in two parts on Monday, according to a market source.
The company sold $750 million of 5.375% five-year notes at a spread of 500 basis points over Treasuries.
A $750 million tranche of 5.625% 10-year notes priced with a Treasuries plus 500 bps spread.
Both tranches were talked at the Treasuries plus 525 bps area.
Citigroup Global Markets Inc., Mizuho and RBC Capital Markets, LLC were the active bookrunners. Standard Chartered Bank was passive.
The company is a financing arm of London-based mining company Anglo American plc.
| Issuer: | Anglo American Capital plc
|
| Amount: | $1.5 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup Global Markets Inc., Mizuho and RBC Capital Markets, LLC (active); Standard Chartered Bank (passive)
|
| Trade date: | March 30
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Fitch: BBB
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | April 1, 2025
|
| Coupon: | 5.375%
|
| Spread: | Treasuries plus 500 bps
|
| Price guidance: | Treasuries plus 525 bps area
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | April 1, 2030
|
| Coupon: | 5.625%
|
| Spread: | Treasuries plus 500 bps
|
| Price guidance: | Treasuries plus 525 bps area
|
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