By Aleesia Forni
Virginia Beach, Nov. 2 – Roche Holdings Inc. priced $1 billion of 3% 10-year senior notes (A1/AA) on Monday with a spread of Treasuries plus 90 basis points, a source away from the trade said.
The notes sold at the tight end of price guidance.
Pricing was at 99.256 to yield 3.087%.
BNP Paribas Securities Corp., Barclays and UBS Securities LLC were the bookrunners.
The notes are guaranteed by Roche Holding Ltd.
Proceeds will be used for general corporate purposes.
Roche is a Basel, Switzerland-based drug maker.
| Issuer: | Roche Holdings Inc.
|
| Guarantor: | Roche Holding Ltd.
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | Nov. 10, 2025
|
| Bookrunners: | BNP Paribas Securities Corp., Barclays, UBS Securities LLC
|
| Coupon: | 3%
|
| Price: | 99.256
|
| Yield: | 3.087%
|
| Spread: | Treasuries plus 90 bps
|
| Trade date: | Nov. 2
|
| Settlement date: | Nov. 10
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: AA
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Treasuries plus 95 bps area, Treasuries plus 110 bps area
|
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