By Devika Patel
Knoxville, Tenn., May 24 – Santander UK plc offered further details about a $1.75 billion sale of senior notes (Aa3/A/A) that priced in two tranches on Wednesday, according to an FWP filed with the Securities and Exchange Commission.
The $750 million tranche of three-year floating-rate notes priced at Libor plus 62 basis points. These notes priced at par.
Santander sold $1 billion of 3.4% three-year fixed-rate notes at a spread of Treasuries plus 80 bps. These notes priced at 99.813 to yield 3.466%.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Santander Investment Securities Inc. and Wells Fargo Securities LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
The financial services company is based in London.
| Issuer: | Santander UK plc
|
| Amount: | $1.75 billion
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Santander Investment Securities Inc. and Wells Fargo Securities LLC
|
| Trade date: | May 23
|
| Settlement date: | June 1
|
| Ratings: | Moody’s: Aa3
|
| S&P: A
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Three-year floaters
|
| Amount: | $750 million
|
| Description: | Senior floating-rate notes
|
| Maturity: | June 1, 2021
|
| Coupon: | Libor plus 62 bps
|
| Price: | Par
|
| Yield: | Libor plus 62 bps
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Description: | Senior fixed-rate notes
|
| Maturity: | June 1, 2021
|
| Coupon: | 3.4%
|
| Price: | 99.813
|
| Yield: | 3.466%
|
| Spread: | Treasuries plus 80 bps
|
© 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.
