By Aleesia Forni
Virginia Beach, Va., July 30 - Huntington Bancshares Inc. came to market on Tuesday selling a $400 million issue of 2.6% five-year senior notes at Treasuries plus 125 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes were sold at 99.8 to yield 2.643%.
Goldman Sachs & Co. and BofA Merrill Lynch were the active bookrunners. Huntington Investment Co. was a passive bookrunner.
Proceeds will be used for general corporate purposes.
Huntington Bancshares is a financial holding company based in Columbus, Ohio.
| Issuer: | Huntington Bancshares Inc.
|
| Issue: | Senior notes
|
| Amount: | $400 million
|
| Maturity: | Aug. 2, 2018
|
| Bookrunners: | Goldman Sachs & Co., BofA Merrill Lynch
|
| Passive bookrunner: | The.
|
| Coupon: | 2.6%
|
| Price: | 99.8
|
| Yield: | 2.643%
|
| Spread: | Treasuries plus 125 bps
|
| Trade date: | July 30
|
| Settlement date: | Aug. 2
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
| Distribution: | SEC-registered
|
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