By Cristal Cody
Prospect News, Nov. 19 - Aimia Inc. sold C$200 million of 4.35% five-year senior secured notes at 99.781 to yield 4.399% on Monday, a syndicate source said.
The notes (/BBB-/, DBRS: BBB) priced at a spread of 305 basis points over the Canadian bond curve, compared to guidance of 310 bps area, plus or minus 5 bps.
TD Securities Inc., CIBC World Markets Inc. and RBC Capital Markets Corp. were the lead managers.
Aimia was last in the Canadian debt markets with an offering on May 14. The company sold C$250 million of 5.6% seven-year senior secured notes due May 17, 2019 at 99.926 to yield 5.613%, or a spread of 395 bps over the Canadian bond curve, tighter than talk of 400 bps plus or minus 5 bps.
Montreal-based Aimia operates loyalty service management programs, including Aeroplan Canada, for flight points on Air Canada and Star Alliance carriers.
| Issuer: | Aimia Inc.
|
| Amount: | C$200 million
|
| Maturity: | Jan. 22, 2018
|
| Securities: | Senior secured notes
|
| Bookrunners: | TD Securities Inc., CIBC World Markets Inc. and RBC Capital Markets Corp.
|
| Coupon: | 4.35%
|
| Price: | 99.781
|
| Yield: | 4.399%
|
| Spread: | 305 bps over Canadian bond curve
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 22
|
| Ratings: | Standard & Poor's: BBB-
|
| DBRS: BBB
|
| Distribution: | Canada
|
| Price talk: | 310 bps area, plus or minus 5 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
