By Cristal Cody
Chicago, Sept. 8 – Stellantis Finance US Inc. priced $1.25 billion of bonds in two parts on Wednesday, a market source noted.
The company priced $550 million of 5.625% notes due Jan. 12, 2028 at a spread of 237.5 basis points over Treasuries. Pricing came right on top of talk in the 237.5 bps area.
Stellantis also sold $700 million of 6.375% 10-year notes at a spread of 312.5 bps over Treasuries, again right on top of talk in the 312.5 bps area.
Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and SG Americas Securities LLC are bookrunners.
The issuer is a U.S. financing arm of parent company Stellantis NV, an automaker and mobility provider based in Amsterdam.
| Issuer: | Stellantis Finance US Inc.
|
| Amount: | $1.25 billion
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| Issue: | Notes
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| Bookrunners: | Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and SG Americas Securities LLC
|
| Trade date: | Sept. 7
|
|
|
| 2028 notes
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| Amount: | $550 million
|
| Maturity: | Jan. 12, 2028
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| Coupon: | 5.625%
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| Spread: | Treasuries plus 237.5 bps
|
| Price talk: | Treasuries plus 237.5 bps area
|
|
|
| 2032 notes
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| Amount: | $700 million
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| Maturity: | Sept. 12, 2032
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| Coupon: | 6.375%
|
| Spread: | Treasuries plus 312.5 bps
|
| Price talk: | Treasuries plus 312.5 bps area
|
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