By Cristal Cody
Tupelo, Miss., March 12 – RELX Capital Inc. sold $700 million of 3.5% five-year notes (Baa1/BBB+/BBB+) on Friday at 99.578 to yield 3.593%, or a spread of 95 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The notes priced on the tight side of guidance in the Treasuries plus 100 bps area.
Citigroup Global Markets Inc., BofA Merrill Lynch, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., ABN Amro Securities (USA) LLC and RBC Capital Markets, LLC were the bookrunners.
The notes are guaranteed by RELX plc and RELX NV.
RELX Capital is a Wilmington, Del.-based subsidiary of London-based information and analytics company RELX Group plc.
| Issuer: | RELX Capital Inc.
|
| Guarantors: | RELX plc and RELX NV
|
| Amount: | $700 million
|
| Description: | Notes
|
| Maturity: | March 16, 2023
|
| Bookrunners: | Citigroup Global Markets Inc., BofA Merrill Lynch, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., ABN Amro Securities (USA) LLC and RBC Capital Markets, LLC
|
| Coupon: | 3.5%
|
| Price: | 99.578
|
| Yield: | 3.593%
|
| Spread: | Treasuries plus 95 bps
|
| Call features: | Make-whole call at Treasuries plus 15 bps before Feb. 16, 2023; thereafter at par
|
| Trade date: | March 9
|
| Settlement date: | March 16
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 100 bps area
|
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