By Andrea Heisinger
New York, May 7 - Caterpillar Financial Services Corp. reopened its issue of 2.625% notes due 2023 (/A-/A-) to add $100 million, according to an FWP filing with the Securities and Exchange Commission.
Pricing was at 99.912 to yield 2.635% with a spread of Treasuries plus 85 basis points.
Total issuance is $350 million, including $250 million sold on Feb. 25 at 83 bps over Treasuries.
BofA Merrill Lynch was the bookrunner.
The funding arm of heavy equipment maker Caterpillar is based in Nashville, Tenn.
| Issuer: | Caterpillar Financial Services Corp.
|
| Issue: | Medium-term notes, series G
|
| Amount: | $100 million
|
| Maturity: | March 1, 2023
|
| Bookrunner: | BofA Merrill Lynch
|
| Coupon: | 2.625%
|
| Price: | 99.912
|
| Yield: | 2.635%
|
| Spread: | Treasuries plus 85 bps
|
| Call: | Non-callable
|
| Trade date: | May 7
|
| Settlement date: | May 10
|
| Ratings: | Standard & Poor's: A-
|
| Fitch: A-
|
| Total issuance: | $350 million, including $250 million sold Feb. 25 at 83 bps over Treasuries
|
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