By Cristal Cody
Chicago, Sept. 6 – Mitsubishi HC Finance America LLC sold $500 million of 5.807% senior notes with a five-year tenor (A3/A-) at par, according to a notice released Wednesday.
A market source reported that the notes priced at Treasuries plus 143 basis points after initial talk had them coming in the 165 bps area.
The notes will be guaranteed by Mitsubishi HC Capital Inc.
BofA Securities, Citigroup, JPMorgan and Morgan Stanley were the bookrunners.
The listing will be in Singapore.
The Tokyo-based issuer is a combined unit comprised of Mitsubishi UFJ Lease & Finance Co. Ltd. and Hitachi Capital Corp.
| Issuer: | Mitsubishi HC Finance America LLC
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| Guarantor: | Mitsubishi HC Capital Inc.
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| Amount: | $500 million
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| Issue: | Senior notes
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| Maturity: | Sept. 12, 2028
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| Bookrunners: | BofA Securities, Citigroup, JPMorgan and Morgan Stanley
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| Coupon: | 5.807%
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| Price: | Par
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| Yield: | 5.807%
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| Spread: | Treasuries plus 143 bps
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| Trade date: | Sept. 6
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| Settlement date: | Sept. 12
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| Ratings: | Moody’s: A3
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| S&P: A-
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| Price talk: | Treasuries plus 165 bps area
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