By Andrea Heisinger
New York, Dec. 17 - Nasdaq OMX Group Inc. priced $370 million of 5.25% seven-year notes on Friday at a spread of Treasuries plus 270 basis points, said a source away from the deal.
The company had announced it was selling notes on Thursday in a 424B5 filing with the Securities and Exchange Commission.
The notes (Baa3/BBB/) priced at 99.169 to yield 5.392%. They have a make-whole call at 40 bps over Treasuries.
J.P. Morgan Securities LLC was the bookrunner. Co-managers were Bank of America Merrill Lynch and Wells Fargo Securities LLC.
Proceeds are going to fund a stock repurchase and pay related fees and expenses.
The global exchange group is based in New York City.
| Issuer: | Nasdaq OMX Group Inc.
|
| Issue: | Senior notes
|
| Amount: | $370 million
|
| Maturity: | Jan. 16, 2018
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Co-managers: | Bank of America Merrill Lynch, Wells Fargo Securities LLC
|
| Coupon: | 5.25%
|
| Price: | 99.169
|
| Yield: | 5.392%
|
| Spread: | Treasuries plus 270 bps
|
| Call: | Make-whole at Treasuries plus 40 bps
|
| Trade date: | Dec. 17
|
| Settlement date: | Dec. 21
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB
|
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