New Issue: Suntory sells $500 million 2.25% five-year senior notes to yield Treasuries plus 88 bps

By Cristal Cody

Tupelo, Miss., Oct. 9 – Suntory Holdings Ltd. (Baa2/BBB) priced $500 million of 2.25% five-year senior notes at a spread of Treasuries plus 88 basis points on Wednesday, a market source said.

The notes priced on the tight side of guidance in the Treasuries plus 90 bps area.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners of the Rule 144A and Regulation S offering.

Suntory is a Tokyo-based alcoholic beverage brewing and distillery company.

Issuer:	Suntory Holdings Ltd.
Amount:	$500 million
Description:	Senior notes
Maturity:	Oct. 16, 2024
Bookrunners:	BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Coupon:	2.25%
Spread:	Treasuries plus 88 bps
Trade date:	Oct. 9
Ratings:	Moody's: Baa2
	S&P: BBB
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 90 bps area, plus or minus 2 bps; initial talk at Treasuries plus 110 bps area

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.