By Cristal Cody
Tupelo, Miss., Oct. 28 – Pershing Square Holdings, Ltd. (BBB+/BBB) sold $500 million of 3.25% 10-year senior notes on Wednesday at a spread of 248 basis points over Treasuries, according to a market source.
The notes priced tighter than talk in the 3.5% area.
Citigroup Global Markets Inc., Jefferies LLC and UBS Securities LLC were the bookrunners of the Regulation S deal.
Proceeds will be used for general corporate purposes.
Pershing Square is an investment company based in St. Peter Port, Guernsey, Channel Islands.
| Issuer: | Pershing Square Holdings, Ltd.
|
| Amount: | $500 million
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| Maturity: | Nov. 15, 2030
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| Securities: | Senior notes
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| Bookrunners: | Citigroup Global Markets Inc., Jefferies LLC and UBS Securities LLC
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| Coupon: | 3.25%
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| Spread: | Treasuries plus 248 bps
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| Trade date: | Oct. 28
|
| Ratings: | S&P: BBB+
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
| Price guidance: | 3.5% area
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