By Aleesia Forni
Virginia Beach, Sept. 3 – Bank of Tokyo-Mitsubishi UFJ priced $4.5 billion of notes (Aa3/A+/) in five parts, a market source said.
The bank sold $300 million three-year floating-rate notes at par to yield Libor plus 31 basis points.
A second tranche of notes was $1.2 billion of 1.45% three-year notes priced at 99.88 to yield 1.491%. The notes sold with a spread of Treasuries plus 53 bps.
There was also $1.25 billion of 2.35% five-year notes sold at 99.967 to yield 2.357%, or Treasuries plus 68 bps.
A $750 million tranche of 2.85% notes due 2021 sold at 99.805 to yield 2.881%, or Treasuries plus 78 bps.
Finally, a $1 billion tranche of 3.25% notes due 2024 sold with a spread of 88 bps over Treasuries. Pricing was at 99.628 to yield 3.294%.
All fixed-rate tranches sold at the tight end of talk.
Bookrunners were BofA Merrill Lynch, Citigroup Global Markets Inc., MUFG and Morgan Stanley & Co. LLC.
The retail and commercial banking arm of Mitsubishi UFJ Financial Group is based in Tokyo.
| Issuer: | Bank of Tokyo Mitsubishi UFJ
|
| Issue: | Notes
|
| Amount: | $4.5 billion
|
| Joint bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., MUFG, Morgan Stanley & Co. LLC
|
| Trade date: | Sept. 2
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: A+
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Three-year floaters
|
| Amount: | $300 million
|
| Maturity: | 2017
|
| Coupon: | Libor plus 31 bps
|
| Price: | Par
|
| Yield: | Libor plus 31 bps
|
| Price talk: | Libor equivalent to three-year notes
|
|
|
| Three-year notes
|
| Amount: | $1.2 billion
|
| Maturity: | 2017
|
| Coupon: | 1.45%
|
| Price: | 99.88
|
| Yield: | 1.491%
|
| Spread: | Treasuries plus 53 bps
|
| Price talk: | Treasuries plus 55 bps area
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | 2019
|
| Coupon: | 2.35%
|
| Price: | 99.967
|
| Yield: | 2.357%
|
| Spread: | Treasuries plus 68 bps
|
| Price talk: | Treasuries plus 70 bps area
|
|
|
| Seven-year notes
|
| Amount: | $750 million
|
| Maturity: | 2021
|
| Coupon: | 2.85%
|
| Price: | 99.805
|
| Yield: | 2.881%
|
| Spread: | Treasuries plus 78 bps
|
| Price talk: | Treasuries plus 80 bps area
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | 2024
|
| Coupon: | 3.25%
|
| Price: | 99.628
|
| Yield: | 3.294%
|
| Spread: | Treasuries plus 88 bps
|
| Price talk: | Treasuries plus 90 bps area
|
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