By William Gullotti and Cristal Cody
Buffalo, N.Y., Jan. 31 – OPEC Fund for International Development priced $500 million of 4.625% notes due Feb. 8, 2027 (AA+/AA+) on Tuesday, according to a market source.
The notes priced as part of OPEC’s global medium-term note program.
Pricing came in on top of guidance at 78 basis points over SOFR mid-swaps, or Treasuries plus 58.4 bps.
Guidance was tightened from initial talk in the mid-swaps plus the low to mid 80 bps area.
BofA Securities, Citigroup, Goldman Sachs and Nomura are bookrunners for the Rule 144A and Regulation S deal.
The OPEC Fund for International Development is the intergovernmental development finance institution established in 1976 by the member states of the Organization of the Petroleum Exporting Countries, OPEC. Headquarters are in Vienna.
| Issuer: | OPEC Fund for International Development
|
| Amount: | $500 million
|
| Issue: | Notes
|
| Maturity: | Feb. 8, 2027
|
| Bookrunners: | BofA Securities, Citigroup, Goldman Sachs and Nomura
|
| Coupon: | 4.625%
|
| Spread: | SOFR mid-swaps plus 78 bps, or Treasuries plus 58.4 bps
|
| Trade date: | Jan. 30
|
| Ratings: | S&P: AA+
|
| Fitch: AA+
|
| Distribution: | Rule 144A and Regulation S
|
| Price guidance: | SOFR mid-swaps plus 78 bps, tightened from initial talk in the mid-swaps plus low to mid 80 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
