By Andrea Heisinger
Omaha, Sept. 20 - Glitnir Banki HF priced an upsized $1 billion of 6.375% five-year notes Thursday to yield Treasuries plus 210 basis points, a market source said.
The Rule 144A issue was originally $500 million.
The notes (Aa3/A-) priced at 99.776 to yield 6.428%. They are non-callable.
Bookrunners were Citigroup Global Markets Inc., Credit Suisse Securities LLC and Wachovia Capital Securities LLC.
The Icelandic bank is based in Reykjavik.
| Issuer: | Glitnir Banki HF
|
| Issue: | Notes
|
| Amount: | $1 billion, upsized from $500 million
|
| Maturity: | Sept. 25, 2012
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities LLC, Wachovia Capital Securities LLC
|
| Coupon: | 6.375%
|
| Price: | 99.776
|
| Yield: | 6.428%
|
| Spread: | Treasuries plus 210 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 20
|
| Settlement date: | Sept. 25
|
| Distribution: | Rule 144A
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A-
|
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