By Cristal Cody
Chicago, March 15 – Anglo American Capital plc priced $1.25 billion of senior notes in two parts on Monday, according to a market source.
The notes are guaranteed by Anglo American plc.
The company sold $500 million of 3.875% seven-year notes to yield 183 basis points over Treasuries, tighter than talk in the 212.5 bps area.
The issuer priced $750 million of 4.75% 30-year notes to yield 237.5 bps over Treasuries. Spread talk was in the 255 bps area.
Active bookrunners were Citigroup, Mizuho, Morgan Stanley and Santander. Passive bookrunners were Deutsche Bank Securities and Standard Chartered Bank.
The Rule 144A and Regulation S notes are being listed on the London Stock Exchange.
Proceeds will be used for general corporate purposes.
The company is a financing arm of London-based mining company Anglo American plc.
| Issuer: | Anglo American Capital plc
|
| Guarantor: | Angle American plc
|
| Amount: | $1.25 billion
|
| Issue: | Senior notes
|
| Active bookrunners: | Citigroup, Mizuho, Morgan Stanley and Santander
|
| Passive bookrunners: | Deutsche Bank Securities and Standard Chartered Bank
|
| Pricing date: | March 14
|
| Settlement date: | March 16
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2029 notes
|
| Amount: | $500 million
|
| Maturity: | March 16, 2029
|
| Coupon: | 3.875%
|
| Spread: | 183 bps over Treasuries
|
| Price talk: | 212.5 bps area over Treasuries
|
|
|
| 2052 notes
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| Amount: | $750 million
|
| Maturity: | March 16, 2052
|
| Coupon: | 4.75%
|
| Spread: | 237.5 bps over Treasuries
|
| Price talk: | 255 bps area over Treasuries
|
|
|
|
|
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