By Andrea Heisinger
New York, March 3 - State Street Corp. sold $1.5 billion of 2.15% three-year senior notes backed by the Federal Deposit Insurance Corp. on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes (Aaa/AAA/AAA) priced at 99.856 to yield 2.198%, or Treasuries plus 88 basis points.
Bookrunners were Banc of America Securities LLC and Goldman Sachs & Co. Co-managers were Credit Suisse Securities, Morgan Stanley & Co. Inc. and UBS Investment Bank.
Junior co-managers were Muriel Siebert & Co. and the Williams Capital Group.
Proceeds will be used for general corporate purposes.
The financial holding company for subsidiaries that provide products and services to institutional investors is based in Boston.
| Issuer: | State Street Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed senior notes
|
| Amount: | $1.5 billion
|
| Maturity: | April 30, 2012
|
| Bookrunners: | Banc of America Securities LLC, Goldman Sachs & Co.
|
| Co-managers: | Credit Suisse Securities, Morgan Stanley & Co. Inc., UBS Investment Bank
|
| Junior co-managers: | Muriel Siebert & Co., the Williams Capital Group
|
| Coupon: | 2.15%
|
| Price: | 99.856
|
| Yield: | 2.198%
|
| Spread: | Treasuries plus 88 bps
|
| Call: | Non-callable
|
| Trade date: | March 3
|
| Settlement date: | March 6
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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