By Cristal Cody
Chicago, Nov. 15 – Huntington National Bank priced $2 billion of notes in two parts on Monday, according to information from a market source.
The bank sold $1.1 billion of 5.699% three-year notes at a spread of 130 basis points over Treasuries.
A second tranche priced as $900 million of 5.65% seven-year notes at 175 bps over Treasuries.
Huntington National Bank is part of Columbus, Ohio-based bank holding company Huntington Bancshares Inc.
| Issuer: | Huntington National Bank
|
| Amount: | $2 billion
|
| Issue: | Notes
|
| Trade date: | Nov. 14
|
|
|
| Three-year notes
|
| Amount: | $1.1 billion
|
| Tenor: | Three years
|
| Coupon: | 5.699%
|
| Spread: | Treasuries plus 130 bps
|
|
|
| Seven-year notes
|
| Amount: | $900 million
|
| Tenor: | Seven years
|
| Coupon: | 5.65%
|
| Spread: | Treasuries plus 175 bps
|
|
|
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