By Aleesia Forni
Virginia Beach, Sept. 4 – Abbey National Treasury Services plc priced $1 billion 2.35% five-year senior notes with a spread of Treasuries plus 75 basis points, according to an FWP filed with the Securities and Exchange Commission.
The notes (A2/A/A) sold at the tight end of price talk.
Pricing was at 99.597 to yield 2.436%.
The notes are guaranteed by parent company Santander UK plc.
Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc., UBS Securities LLC and Wells Fargo Securities LLC were the joint bookrunners.
Proceeds will be used for general corporate purposes.
The financial services companies are based in London.
| Issuer: | Abbey National Treasury Services plc
|
| Guarantor: | Santander UK plc
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 10, 2019
|
| Joint bookrunners: | Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc., UBS Securities LLC, Wells Fargo Securities LLC
|
| Coupon: | 2.35%
|
| Price: | 99.597
|
| Yield: | 2.436%
|
| Spread: | Treasuries plus 75 bps
|
| Trade date: | Sept. 3
|
| Settlement date: | Sept. 10
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Fitch: A
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 80 bps area
|
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