By Cristal Cody
Tupelo, Miss., May 18 – RELX Capital Inc. sold $750 million of 3% 10-year guaranteed senior notes (Baa1/BBB+/BBB+) on Monday at a spread of 235 basis points over Treasuries, according to a market source and an FWP filing with the Securities and Exchange Commission.
Initial price talk was in the Treasuries plus 275 bps area.
The notes priced at 99.342 to yield 3.077%.
ABN Amro Securities (USA) LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC and UBS Securities LLC were the bookrunners.
The notes will be guaranteed by RELX plc.
Proceeds will be used for general corporate purposes.
RELX Capital is a Wilmington, Del.-based subsidiary of London-based information and analytics publisher RELX Group plc.
| Issuer: | RELX Capital Inc.
|
| Guarantor: | RELX plc
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | May 22, 2030
|
| Bookrunners: | ABN Amro Securities (USA) LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC and UBS Securities LLC
|
| Coupon: | 3%
|
| Price: | 99.342
|
| Yield: | 3.077%
|
| Spread: | Treasuries plus 235 bps
|
| Call features: | Make-whole call at Treasuries plus 40 bps before Feb. 22, 2030; thereafter at par
|
| Trade date: | May 18
|
| Settlement date: | May 22
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 275 bps area
|
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