By Cristal Cody
Tupelo, Miss., Oct. 27 – Santander UK plc priced $1.5 billion of three-year senior notes (Aa3/A/A) in two tranches on Friday, according to a market source.
The $300 million tranche of three-year floating-rate notes priced at Libor plus 30 basis points.
Santander UK sold $1.2 billion of 2.125% notes due Nov. 3, 2020 at a spread of Treasuries plus 52 bps.
BofA Merrill Lynch, Goldman Sachs & Co., Nomura, Santander Investment Securities Inc. and UBS Securities LLC were the bookrunners.
The notes are non-callable, according to a 424B5 filing with the Securities and Exchange Commission.
Proceeds will be used for general corporate purposes.
The financial services company is based in London.
| Issuer: | Santander UK plc
|
| Amount: | $1.5 billion
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Goldman Sachs & Co., Nomura, Santander Investment Securities Inc. and UBS Securities LLC
|
| Trade date: | Oct. 27
|
| Ratings: | Moody’s: Aa3
|
| S&P: A
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Two-year floaters
|
| Amount: | $300 million
|
| Maturity: | Nov. 3, 2020
|
| Coupon: | Libor plus 30 bps
|
| Call feature: | Non-callable
|
|
|
| Two-year notes
|
| Amount: | $1.2 billion
|
| Maturity: | Nov. 3, 2020
|
| Coupon: | 2.125%
|
| Spread: | Treasuries plus 52 bps
|
| Call feature: | Non-callable
|
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