By Andrea Heisinger
New York, June 3 - Finance for Danish Industry AS sold $1.75 billion of notes (Aaa/AAA/AAA) in two tranches late on Thursday, a market source said.
The $1 billion of 2% three-year notes priced at 99.752 to yield 2.086% with a spread of Treasuries plus 80.3 basis points.
The $750 million of three-year floating-rate notes was priced at par to yield three-month Libor plus 37 bps.
Both tranches are non-callable and were priced under Rule 144A.
The notes are guaranteed by the government of Denmark.
Bookrunners were Bank of America Merrill Lynch, Deutsche Bank Securities and Morgan Stanley & Co. Inc.
The corporate and investment bank is based in Copenhagen.
| Issuer: | Finance for Danish Industry AS
|
| Issue: | Notes
|
| Guarantor: | Government of Denmark
|
| Amount: | $1.75 billion
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc.
|
| Distribution: | Rule 144A
|
| Trade date: | June 3
|
| Settlement date: | June 14
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
|
|
| Three-year fixed-rate notes
|
| Amount: | $1 billion
|
| Maturity: | June 13, 2013
|
| Coupon: | 2%
|
| Price: | 99.752
|
| Yield: | 2.086%
|
| Spread: | Treasuries plus 80.3 bps
|
| Call: | Non-callable
|
|
|
| Three-year floaters
|
| Amount: | $750 million
|
| Maturity: | June 13, 2013
|
| Coupon: | Three-month Libor plus 37 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 37 bps
|
| Call: | Non-callable
|
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