By Andrea Heisinger
New York, Oct. 28 - FMR LLC Fidelity priced $700 million of notes (A2/A+/) in two tranches on Wednesday, an informed source said.
A $300 million tranche of 5.35% 12-year notes priced to yield Treasuries plus 195 basis points.
A $400 million tranche of 6.45% 30-year bonds sold at 220 bps over Treasuries.
Full terms were not available at press time for the Rule 144A sale.
Bookrunners were Barclays Capital Inc. and Citigroup Global Markets Inc.
The financial services company and mutual fund is based in Boston.
Issuer: | FMR LLC Fidelity
|
Issue: | Notes
|
Total amount: | $700 million
|
Bookrunners: | Barclays Capital Inc., Citigroup Global Markets Inc.
|
Distribution: | Rule 144A
|
Trade date: | Oct. 28
|
Settlement date: | Nov. 2
|
Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
|
12-year notes
|
Amount: | $300 million
|
Maturity: | Nov. 15, 2021
|
Coupon: | 5.35%
|
Spread: | Treasuries plus 195 bps
|
|
30-year notes
|
Amount: | $400 million
|
Maturity: | Nov. 15, 2039
|
Coupon: | 6.45%
|
Spread: | Treasuries plus 220 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.