By Cristal Cody
Chicago, March 7 – S&P Global Inc. sold $1.25 billion of sustainability-linked notes due 2029 on Friday as part of a more comprehensive $5.5 billion sale of new bonds, according to a market source.
The notes priced with a Treasuries plus 110 basis points spread, 15 bps low to talk in the 125 bps area.
The coupon might step up 25 bps for the sustainability-linked notes if the company fails to achieve certain sustainability performance targets by Dec. 31, 2025.
Each of the notes is guaranteed by Standard & Poor's Financial Services LLC.
Bookrunners for the deal were Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA Inc.
Based in New York, S&P Global provides transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world.
| Issuer: | S&P Global Inc.
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| Guarantor: | Standard & Poor's Financial Services LLC
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| Amount: | $1.25 billion
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| Issue: | Sustainability-linked senior notes
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| Maturity: | March 1, 2029
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| Bookrunners: | Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA Inc.
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| Coupon: | 2.7%
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| Spread: | Treasuries plus 110 bps
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| Price talk: | Treasuries plus 125 bps area
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| Trade date: | March 4
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| Settlement date: | March 18
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| Distribution: | Rule 144A and Regulation S
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