By Aleesia Forni
Virginia Beach, Sept. 24 – Abbey National Treasury Services plc sold a $750 million two-part offering of senior notes (A2/A/A) due 2017 in fixed- and floating-rate tranches on Wednesday, according to an FWP filed with the Securities and Exchange Commission.
There was $250 million of floating-rate notes due 2017 sold at par to yield Libor plus 41 basis points.
A $500 million tranche of 1.65% three-year notes sold at 99.901 to yield 1.684%, or Treasuries plus 62.5 bps.
BofA Merrill Lynch, Deutsche Bank Securities Inc. and Santander were the bookrunners.
The notes are guaranteed by Santander UK plc.
Proceeds from the sale will be used for general corporate purposes.
The financial services companies are based in London.
| Issuer: | Abbey National Treasury Services plc
|
| Guarantor: | Santander UK plc
|
| Issue: | Senior notes
|
| Amount: | $750 million
|
| Bookrunners: | BofA Merrill Lynch, Deutsche Bank Securities Inc., Santander Investment Securities Inc.
|
| Trade date: | Sept. 24
|
| Settlement date: | Sept. 29
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Three-year floaters
|
| Amount: | $250 million
|
| Maturity: | Sept. 29, 2017
|
| Coupon: | Libor plus 41 bps
|
| Price: | Par
|
| Yield: | Libor plus 41 bps
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | Sept. 29, 2017
|
| Coupon: | 1.65%
|
| Price: | 99.901
|
| Yield: | 1.684%
|
| Spread: | Treasuries plus 62.5 bps
|
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