By Aleesia Forni
Virginia Beach, Dec. 10 – State Street Corp. priced $1 billion of 3.3% 10-year senior notes (A1/A+/AA-) on Wednesday with a spread of Treasuries plus 115 basis points, according to an informed source.
The notes sold on top of talk, which was set at the tight end of earlier guidance.
Pricing was at 99.898 to yield 3.312%.
Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. were the joint bookrunners.
The company plans to use the proceeds from the offering for general corporate purposes.
State Street is a Boston-based financial holding company.
| Issuer: | State Street Corp.
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | Dec. 16, 2024
|
| Bookrunners: | Goldman Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc.
|
| Coupon: | 3.3%
|
| Price: | 99.898
|
| Yield: | 3.312%
|
| Spread: | Treasuries plus 115 bps
|
| Trade date: | Dec. 10
|
| Settlement date: | Dec. 15
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A+
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 115 bps, tightened from 115 bps to 120 bps
|
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