By Andrea Heisinger
New York, April 9 - The European Aeronautic Defense and Space Co. NV priced $1 billion of 2.7% 10-year notes (A2/A-/) on Tuesday to yield Treasuries plus 98 basis points, an informed source said.
The size was talked in the $750 million to $1 billion range. Initial price guidance was in the 105 bps to 110 bps over Treasuries range.
Pricing was at 99.748 to yield 2.729%.
The sale was done under Rule 144A and Regulation S.
Barclays, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the bookrunners.
The aircraft manufacturer is based in Leiden, the Netherlands.
| Issuer: | European Aeronautic Defense and Space Co. NV
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | April 17, 2023
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC
|
| Coupon: | 2.7%
|
| Price: | 99.748
|
| Yield: | 2.729%
|
| Spread: | Treasuries plus 98 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | April 9
|
| Settlement date: | April 17
|
| Ratings: | Moody's: A2
|
| Fitch: A-
|
| Price talk: | 105 bps to 110 bps
|
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