By Andrea Heisinger
Omaha, Oct. 26 - EDP Finance BV priced $2 billion of notes (A2/A-) in two tranches Friday, an informed source said.
The company sold a $1 billion tranche of 5.375% five-year notes at 99.779 to yield 5.426%, or Treasuries plus 140 basis points.
EDP Finance sold a $1 billion tranche of 6% notes due Feb. 2, 2018 at 99.854 to yield 6.015%, or Treasuries plus 163 bps.
The notes are being sold via Rule 144A.
Bookrunners were Barclays Capital, Citigroup and Morgan Stanley.
EDP is a finance company based in Amsterdam.
| Issuer: | EDP Finance BV
|
| Issue: | Notes
|
| Total amount: | $2 billion
|
| Bookrunners: | Barclays Capital, Citigroup, Morgan Stanley
|
| Trade date: | Oct. 26
|
| Settlement date: | Nov. 2
|
| Distribution: | Rule 144A
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
|
|
| Five-year tranche
|
| Amount: | $1 billion
|
| Maturity: | Nov. 2, 2012
|
| Coupon: | 5.375%
|
| Price: | 99.779
|
| Yield: | 5.426%
|
| Spread: | Treasuries plus 140 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
|
|
| 10-year tranche
|
| Amount: | $1 billion
|
| Maturity: | Feb. 2, 2018
|
| Coupon: | 6%
|
| Price: | 99.854
|
| Yield: | 6.015%
|
| Spread: | Treasuries plus 163 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
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