New Issue: Moody’s sells $500 million 3.75% 30-year notes at 160 bps spread

By Wendy Van Sickle

Columbus, Ohio, Feb. 22 – Moody’s Corp. sold $500 million of 3.75% 30-year senior notes (BBB+/BBB+) on Tuesday at 98.282 to yield 3.847%, or a spread of Treasuries plus 160 basis points, according to an FWP filing with the Securities and Exchange Commission.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC were the bookrunners.

Proceeds will be used for general corporate purposes, which may include repurchases of common stock.

New York City-based Moody’s is the parent company of credit ratings agency Moody’s Investors Service.

Issuer:	Moody’s Corp.
Amount:	$500 million
Issue:	Senior notes
Maturity:	Feb. 25, 2052
Bookrunners:	BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC
Co-managers:	HSBC Securities (USA) Inc., MUFG, Citizens Capital Markets, Inc., Fifth Third Securities, Inc., Loop Capital Markets LLC, Scotia Capital (USA) Inc., Truist Securities, Inc., Standard Chartered Bank and U.S. Bancorp Investments, Inc.
Coupon:	3.75%
Price:	98.282
Yield:	3.847%
Spread:	Treasuries plus 160 bps
Call features:	Make-whole call at greater of par and Treasuries plus 25 bps before Aug. 25, 2051; thereafter at par
Trade date:	Feb. 22
Settlement date:	Feb. 25
Ratings:	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered
Cusip:	615369AY1

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