Published on 11/29/2012 in the Prospect News Investment Grade Daily.
New Issue: Caterpillar Financial prices $150 million notes due 2014 to yield Libor plus 10 bps
By Andrea Heisinger
New York, Nov. 29 - Caterpillar Financial Services Corp. sold $150 million of two-year floating-rate medium-term notes (A2/A/) on Thursday at par to yield Libor plus 10 basis points, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities LLC was the bookrunner.
The funding arm of heavy equipment maker Caterpillar is based in Nashville, Tenn.
| Issuer: | Caterpillar Financial Services Corp.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $150 million
|
| Maturity: | Nov. 19, 2014
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Coupon: | Libor plus 10 bps
|
| Price: | Par
|
| Yield: | Libor plus 10 bps
|
| Trade date: | Nov. 29
|
| Settlement date: | Dec. 4
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
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