By William Gullotti and Cristal Cody
Buffalo, N.Y., March 26 – LSEG US Fin Corp. priced $1.25 billion of notes in two parts (A3/A) on Monday, according to information provided by a market source on Tuesday.
The both tranches of Regulation S and Rule 144A notes are guaranteed by London Stock Exchange Group plc, the issuer’s parent.
As previously reported, fixed-income investor calls and a roadshow presentation were held on Friday.
A $500 million tranche of 4.875% notes due 2027 priced with a spread of 65 basis points over Treasuries, under initial talk in the Treasuries plus 95 bps area.
The second tranche, $750 million of 5.297% notes due 2034, priced at Treasuries plus 105 bps. Initial talk was in the Treasuries plus 135 bps area.
BofA, Citi, HSBC, Morgan Stanley and Wells Fargo Securities are the bookrunners.
According to Moody’s Ratings, proceeds will be used for refinancing existing debt and for general corporate purposes.
London Stock Exchange Group is a diversified international market infrastructure and capital markets business.
| Issuer: | LSEG US Fin Corp.
|
| Guarantor: | London Stock Exchange Group plc
|
| Amount: | $1.25 billion
|
| Issue: | Notes
|
| Bookrunners: | BofA, Citi, HSBC, Morgan Stanley and Wells Fargo Securities
|
| Trade date: | March 25
|
| Ratings: | Moody’s: A3
|
| S&P: A
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2027 notes
|
| Amount: | $500 million
|
| Maturity: | March 28, 2027
|
| Coupon: | 4.875%
|
| Price: | 99.518
|
| Spread: | Treasuries plus 65 bps
|
| Price talk: | Treasuries plus 95 bps area
|
| ISIN: | US50222CAA80
|
|
|
| 2034 notes
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| Amount: | $750 million
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| Maturity: | March 28, 2034
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| Coupon: | 5.297%
|
| Price: | Par
|
| Yield: | 5.297%
|
| Spread: | Treasuries plus 105 bps
|
| Price talk: | Treasuries plus 135 bps area
|
| ISIN: | USU54639AB22
|
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