By Cristal Cody
Tupelo, Miss., April 5 – Airbus Group SE (A2/A+/A-) priced a combined $1.5 billion of 10- and 30-year senior notes in a Rule 144A and Regulation S offering on Wednesday, according to a market source.
The company sold $750 million of 3.15% 10-year notes at a spread of Treasuries plus 80 basis points.
Airbus priced the $750 million tranche of 3.95% 30-year notes at a 100 bps spread over Treasuries.
Both tranches priced on the tight side of talk.
Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.
Airbus is an aerospace and defense corporation based in Leiden, the Netherlands.
| Issuer: | Airbus Group SE
|
| Amount: | $1.5 billion
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Trade date: | April 5
|
| Ratings: | Moody’s: A2
|
| S&P: A+
|
| Fitch: A-
|
| Distribution: | Rule 144A, Regulation S
|
| Marketing: | Roadshow
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | April 10, 2027
|
| Coupon: | 3.15%
|
| Spread: | Treasuries plus 80 bps
|
| Price guidance: | Treasuries plus 85 bps area, plus or minus 5 bps
|
|
|
| 30-year notes
|
| Amount: | $750 million
|
| Maturity: | April 10, 2047
|
| Coupon: | 3.95%
|
| Spread: | Treasuries plus 100 bps
|
| Price guidance: | Treasuries plus 105 bps area, plus or minus 5 bps
|
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