By Cristal Cody
Chicago, Sept. 28 – Pershing Square Holdings, Ltd. sold $700 million of 3.25% 10-year notes with a spread of Treasuries plus 175 basis points, a market source reported.
The notes priced 20 bps low to the Treasuries plus 195 bps area spread talk.
Investor calls started on Thursday for an offering of dollar- and euro-denominated notes, as previously reported.
Citigroup, Deutsche Bank, Jefferies and UBS were the bookrunners.
Based in London, Pershing Square is an investment holding company structured as a closed-end fund.
| Issuer: | Pershing Square Holdings, Ltd.
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| Issue: | Notes
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| Amount: | $700 million
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| Maturity: | Oct. 1, 2031
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| Bookrunners: | Citigroup, Deutsche Bank, Jefferies and UBS
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| Coupon: | 3.25%
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| Spread: | 175 bps over Treasuries
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| Trade date: | Sept. 28
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| Price talk: | Treasuries plus 195 bps area
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