By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., March 27 – CSL Finance plc priced $1.25 billion of notes (A3/A-) in two tranches on Tuesday, according to a market source.
The notes are guaranteed by parent company CSL Ltd. and subsidiaries CSLB Holdings Inc. and CSL Finance Pty Ltd.
The company priced $500 million of 5.106% notes due April 2034 at Treasuries plus 87 basis points, after talk in the 115 bps area.
The issuer sold $750 million of 5.417% notes due April 2054 at Treasuries plus 102 bps, compared to initial talk in the Treasuries plus 130 bps area.
Fixed income investor calls were held on Monday.
BofA, Citigroup, HSBC and JPMorgan were the bookrunners.
CSL is engaged in biotechnology, plasma collection and influenza prevention. It has headquarters in the United Kingdom.
| Issuer: | CSL Finance plc
|
| Guarantors: | CSL Ltd., CSLB Holdings Inc. and CSL Finance Pty Ltd.
|
| Amount: | $1.25 billion
|
| Issue: | Notes
|
| Bookrunners: | BofA, Citigroup, HSBC and JPMorgan
|
| Pricing date: | March 26
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
|
|
| 2034 notes
|
| Amount: | $500 million
|
| Maturity: | April 3, 2034
|
| Coupon: | 5.106%
|
| Spread: | Treasuries plus 87 bps
|
| Talk: | Treasuries plus 115 bps area
|
|
|
| 2054 notes
|
| Amount: | $750 million
|
| Maturity: | April 3, 2054
|
| Coupon: | 5.417%
|
| Spread: | Treasuries plus 102 bps
|
| Talk: | Treasuries plus 130 bps area
|
|
|
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