By Aleesia Forni
Virginia Beach, Feb. 18 – The Boeing Co. sold $750 million of senior notes (A2/A/A) in three tranches on Wednesday, according to a market source.
There was a $250 million tranche of 2.5% notes due 2025 priced at 65 bps over Treasuries.
The notes priced at 97.589 to yield 2.777%.
Pricing was at the tight end of talk set in the 70 bps area having firmed from initial guidance set in the 85 bps area.
A $250 million tranche of 3.3% notes due 2035 priced at 97.052 to yield 3.506%, or 80 bps over Treasuries.
The notes sold at the tight end of the 85 bps area talked. Talk had firmed from guidance in the area of 100 bps over Treasuries.
There was also $250 million of 3.5% bonds due 2045 sold at 96.286 to yield 3.706%, or 100 bps over Treasuries.
Pricing was at the tight end of talk set in the area of 105 bps over Treasuries. The notes were talked in the area of Treasuries plus 120 bps.
Proceeds will be used for general corporate purposes.
The bookrunners for the 10-year notes are J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Mizuho Securities and RBS Securities Inc.
The bookrunners for the 20-year bonds are J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., RBC Capital Markets LLC, SMBC Nikko and U.S. Bancorp Investments Inc.
The bookrunners for the 30-year bonds are J.P. Morgan Securities LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC, Barclays, MUFG and Wells Fargo Securities LLC.
Boeing is a Chicago-based aerospace company.
| Issuer: | Boeing Co.
|
| Issue: | Senior notes
|
| Amount: | $750 million
|
| Trade date: | Feb. 18
|
| Settlement date: | Feb. 20
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Fitch: A
|
| Distribution: | SEC-registered
|
|
|
| 10-year notes
|
| Amount: | $250 million
|
| Bookrunners: | J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Mizuho Securities, RBS Securities Inc.
|
| Maturity: | March 1, 2025
|
| Coupon: | 2.5%
|
| Price: | 97.589
|
| Yield: | 2.777%
|
| Spread: | 65 bps
|
| Price talk: | 70 bps area, tightened from 85 bps area
|
|
|
| 20-year bonds
|
| Amount: | $250 million
|
| Bookrunners: | J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., RBC Capital Markets LLC, SMBC Nikko, U.S. Bancorp Investments Inc.
|
| Maturity: | March 1, 2035
|
| Coupon: | 3.3%
|
| Price: | 97.052
|
| Yield: | 3.506%
|
| Spread: | 80 bps
|
| Price talk: | 85 bps area, tightened from 100 bps area
|
|
|
| 30-year bonds
|
| Amount: | $250 million
|
| Bookrunners: | J.P. Morgan Securities LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC, Barclays, MUFG, Wells Fargo Securities LLC
|
| Maturity: | March 1, 2045
|
| Coupon: | 3.5%
|
| Price: | 96.286
|
| Yield: | 3.706%
|
| Spread: | 100 bps
|
| Price talk: | 105 bps area, tightened from 120 bps area
|
|
|
|
|
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