By Aleesia Forni
Virginia Beach, June 11 – Svenska Handelsbanken AB priced $1.4 billion issue of five-year senior notes in two tranches, according to a market source.
The company sold $400 million floating-rate notes due 2019 at par to yield Libor plus 49 basis points.
A $1 billion 2.25% tranche of notes due 2019 was sold with a spread of Treasuries plus 57 bps, or 99.901 to yield 2.271%.
The notes were priced at the tight end of talk.
BofA Merrill Lynch, J.P. Morgan Securities LLC, Goldman Sachs & Co. and RBS Securities Inc. were the bookrunners.
The financial services company and bank is based in Stockholm.
| Issuer: | Svenska Handelsbanken AB
|
| Issue: | Notes
|
| Amount: | $1.4 billion
|
| Bookrunners: | BofA Merrill Lynch, J.P. Morgan Securities LLC, Goldman Sachs & Co., RBS Securities Inc.
|
| Trade date: | June 10
|
| Settlement date: | June 17
|
|
|
| Five-year floaters
|
| Amount: | $400 million
|
| Maturity: | June 17, 2019
|
| Coupon: | Libor plus 49 bps
|
| Price: | Par
|
| Yield: | Libor plus 49 bps
|
| Price talk: | Libor equivalent to five-year notes
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | June 17, 2019
|
| Coupon: | 2.25%
|
| Price: | 99.901
|
| Yield: | 2.271%
|
| Spread: | Treasuries plus 58 bps
|
| Price talk: | Treasuries plus 60 bps area
|
|
|
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