By Cristal Cody
Chicago, Sept. 9 – Mitsubishi HC Capital Inc. priced $500 million of 5.08% five-year senior bullet notes (A3/A-) on Thursday, according to a market source and a press release from the company.
The notes priced at par with a spread of 168 basis points over Treasuries. Initial talk was in the 195 bps to 200 bps area.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are bookrunners for the Rule 144A and Regulation S deal.
The notes will be listed on the Singapore Exchange.
The Tokyo-based issuer is the renamed result of a 2021 merger between Mitsubishi UFJ Lease & Finance Co Ltd. and Hitachi Capital Corp.
| Issuer: | Mitsubishi HC Capital Inc.
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| Amount: | $500 million
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| Issue: | Senior notes
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| Maturity: | Sept. 15, 2027
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| Bookrunners: | BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
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| Coupon: | 5.08%
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| Price: | Par
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| Yield: | 5.08%
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| Spread: | Treasuries plus 168 bps
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| Call features: | Non-callable
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| Trade date: | Sept. 8
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| Settlement date: | Sept. 15
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| Ratings: | Moody’s: A3
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| S&P: A-
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 195 bps to 200 bps area
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