By Aleesia Forni
Virginia Beach, Va., Aug. 20 - Abbey National Treasury Services plc sold an upsized $1 billion offering of 3.05% five-year senior notes (A2/A/A) on Tuesday with a spread of Treasuries plus 155 basis points, according to an informed source and an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.779 to yield 3.098%.
The notes are guaranteed by parent company Santander UK plc.
The notes were upsized from $500 million.
BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Santander and Wells Fargo Securities LLC were the joint bookrunners.
Proceeds will be used for general corporate purposes.
The financial services companies are based in London.
| Issuer: | Abbey National Treasury Services plc
|
| Guarantor: | Santander UK plc
|
| Amount: | $1 billion, upsized from $500 million
|
| Proceeds: | $994.29 million
|
| Maturity: | Aug. 23, 2018
|
| Securities: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., BofA Merrill Lynch, Morgan Stanley & Co. LLC, Santander Investment Securities Inc., Wells Fargo Securities, LLC
|
| Co-manager: | Bank of New York Mellon
|
| Coupon: | 3.05%
|
| Price: | 99.779
|
| Yield: | 3.098%
|
| Spread: | Treasuries plus 155 bps
|
| Trade date: | Aug. 20
|
| Settlement date: | Aug. 23
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Distribution: | SEC registered
|
© 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.
