By Andrea Heisinger
New York, July 19 - Macquarie Bank Ltd. sold $750 million of three-year notes on Thursday at a spread of Treasuries plus 320 basis points, an informed source said.
The deal was sold tighter than guidance in the 340 bps area, the source said.
The notes (A2/A/A) were priced at 99.879 to yield 3.493%. They are non-callable.
The deal was done under Rule 144A and Regulation S.
Bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Macquarie.
Macquarie was in the market on July 11 with a $700 million reopening of 5% notes due 2017.
The banking unit of Macquarie Group Ltd. is based in Sydney, Australia.
| Issuer: | Macquarie Bank Ltd.
|
| Issue: | Notes
|
| Amount: | $750 million
|
| Maturity: | July 27, 2015
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Macquarie
|
| Coupon: | 3.45%
|
| Price: | 99.879
|
| Yield: | 3.493%
|
| Spread: | Treasuries plus 320 bps
|
| Call: | Non-callable
|
| Trade date: | July 19
|
| Settlement date: | July 27
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 340 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
