By Cristal Cody
Tupelo, Miss., Aug. 21 – ABN Amro Bank NV priced $2 billion of notes (A1/A/A+) in two tranches on Tuesday, according to a market source.
The company sold $1 billion of floating-rate notes due Aug. 27, 2021 at Libor plus 57 basis points.
In the fixed-rate tranche, ABN Amro priced $1 billion of 3.4% three-year notes at a Treasuries plus 75 bps spread.
BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.
The Dutch bank is based in Amsterdam.
| Issuer: | ABN Amro Bank NV
|
| Amount: | $2 billion
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Trade date: | Aug. 21
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: A+
|
|
|
| Three-year floaters
|
| Amount: | $1 billion
|
| Maturity: | Aug. 27, 2021
|
| Coupon: | Libor plus 57 bps
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 27, 2021
|
| Coupon: | 3.4%
|
| Spread: | Treasuries plus 75 bps
|
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