By Andrea Heisinger
New York, Sept. 29 - Caterpillar Financial Services Corp. reopened its 2.05% medium-term notes due 2016 on Thursday to add $250 million, an informed source said.
The notes (A2/A/A) were priced at 100.439 to yield 1.954% with a spread of Treasuries plus 100 basis points. The notes are non-callable.
Total issuance is $1 billion, including $750 million sold on July 26 at 62 bps over Treasuries.
Barclays Capital Inc. and RBS Securities Inc. were the bookrunners.
The financing arm of heavy equipment maker Caterpillar is based in Nashville.
Issuer: | Caterpillar Financial Services Corp.
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Issue: | Medium-term notes
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Amount: | $250 million, reopened
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Maturity: | Aug. 1, 2016
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Bookrunners: | Barclays Capital Inc., RBS Securities Inc.
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Coupon: | 2.05%
|
Price: | 100.439
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Yield: | 1.954%
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Spread: | Treasuries plus 100 bps
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Call: | Non-callable
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Trade date: | Sept. 29
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Settlement date: | Oct. 4
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Ratings: | Moody's: A2
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| Standard & Poor's: A
|
| Fitch: A
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Total issuance: | $1 billion, including $750 million sold on July 26 at 62 bps
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