By Cristal Cody
Chicago, March 25 – Lsega Financing plc sold a five-part offering denominated in dollars on Thursday, according to a market source.
The company sold a $500 million tranche of 0.65% notes due April 6, 2024 at a spread of Treasuries plus 40 basis points after talk in the Treasuries plus 70 bps area.
A $1 billion tranche due April 6, 2026 sold with a 1.375% coupon and a spread in the Treasuries plus 60 bps area. Talk had been in the Treasuries plus 90 bps area.
A $1 billion third tranche due April 6, 2028 priced with a 2% coupon, or a spread of Treasuries plus 75 bps. Price talk had been in the Treasuries plus 105 bps area.
The $1.25 billion 20-year tranche was sold with a 2.5% coupon at a spread of Treasuries plus 90 bps. The notes, due April 6, 2031, were talked in the Treasuries plus 120 bps area.
And, the longest-dated tranche due April 6, 2041 sold with a 3.2% coupon and a spread of Treasuries plus 100 bps after being launched with talk in the Treasuries plus 135 bps area.
London Stock Exchange Group is a diversified international market infrastructure and capital markets business.
| Issuer: | Lsega Financing plc
|
| Issue: | Notes
|
| Amount: | $4.5 billion
|
| Trade date: | March 25
|
|
|
| 2024 notes
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | April 6, 2024
|
| Coupon: | 0.65%
|
| Spread: | Treasuries plus 40 bps
|
| Price talk: | Treasuries plus 70 bps area
|
|
|
| 2026 notes
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | April 6, 2026
|
| Coupon: | 1.375%
|
| Spread: | Treasuries plus 60 bps area
|
| Price talk: | Treasuries plus 90 bps area
|
|
|
| 2028 notes
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | April 6, 2028
|
| Coupon: | 2%
|
| Spread: | Treasuries plus 75 bps
|
| Price talk: | Treasuries plus 105 bps area
|
|
|
| 2031 notes
|
| Issue: | Notes
|
| Amount: | $1.25 billion
|
| Maturity: | April 6, 2031
|
| Coupon: | 2.5%
|
| Spread: | Treasuries plus 90 bps
|
| Price talk: | Treasuries plus 120 bps
|
|
|
| 2041 notes
|
| Issue: | Notes
|
| Amount: | $750 million
|
| Maturity: | April 6, 2041
|
| Coupon: | 3.2%
|
| Spread: | Treasuries plus 100 bps
|
| Price talk: | Treasuries plus 135 bps
|
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