By Andrea Heisinger
Omaha, Nov. 28 - Manufacturers & Traders Trust Co. priced an upsized $400 million of 6.625% 10-year notes Wednesday at a spread of Treasuries plus 262.5 bps, an informed source said.
The issue was originally planned at $300 million.
The notes (A2/A-/BBB+) have a price of 99.776 to yield 6.656% and are non-callable.
Bookrunners were Citigroup and UBS Investment Bank.
The regional M&T Bank is based in Buffalo, N.Y.
| Issuer: | Manufacturers & Traders Trust Co.
|
| Issue: | Notes
|
| Amount: | $400 million upsized from $300 million
|
| Maturity: | Dec. 4, 2017
|
| Bookrunners: | Citigroup, UBS Investment Bank |
|
| Coupon: | 6.625%
|
| Price: | 99.776
|
| Yield: | 6.656%
|
| Spread: | Treasuries plus 262.5 bps
|
| Call: | Non-callable
|
| Trade date: | Nov. 28
|
| Settlement date: | Dec. 4
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Fitch: BBB+
|
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