By Cristal Cody
Tupelo, Miss., Aug. 16 – Huntington National Bank (A3/A-/A-) priced $750 million of 3.55% long five-year senior notes at a spread of 85 basis points over Treasuries on Thursday, a market source said.
Initial price talk on the notes was in the Treasuries plus high 90 bps area.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Huntington Investment Co. were the bookrunners.
Huntington National Bank is part of Columbus, Ohio-based bank holding company Huntington Bancshares Inc.
| Issuer: | Huntington National Bank
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | Oct. 6, 2023
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Huntington Investment Co.
|
| Coupon: | 3.55%
|
| Spread: | Treasuries plus 85 bps
|
| Trade date: | Aug. 16
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Fitch: A-
|
| Price talk: | Treasuries plus high 90 bps area
|
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