By Marisa Wong and Cristal Cody
Los Angeles, March 24 – GC Treasury Center Co. Ltd. priced $1.3 billion of notes in two tranches on Wednesday, according to a market source.
GC Treasury sold $1 billion of 4.4% 10-year notes at a spread of 215 basis points over Treasuries. Initial price talk was in the Treasuries plus 260 bps area.
The company also sold $300 million of 5.2% 30-year notes with a spread of 270 bps over Treasuries. Initial price talk was in the Treasuries plus 310 bps area.
ANZ Securities Inc., BofA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Standard Chartered Bank are the bookrunners.
GC Treasury is a Bangkok-based investment company.
| Issuer: | GC Treasury Center Co. Ltd.
|
| Amount: | $1.3 billion
|
| Issue: | Notes
|
| Bookrunners: | ANZ Securities Inc., BofA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Standard Chartered Bank
|
| Pricing date: | March 23
|
|
|
| 2032 notes
|
| Amount: | $1 billion
|
| Maturity: | March 30, 2032
|
| Coupon: | 4.4%
|
| Spread: | Treasuries plus 215 bps
|
| Initial price talk: | Treasuries plus 260 bps area
|
|
|
| 2052 notes
|
| Amount: | $300 million
|
| Maturity: | March 30, 2052
|
| Coupon: | 5.2%
|
| Spread: | Treasuries plus 270 bps
|
| Initial price talk: | Treasuries plus 310 bps area
|
|
|
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