By Andrea Heisinger
New York, July 12 - Tagua Leasing priced $299.2 million of 1.9% 12-year notes (Aaa/AA+/AAA) at par to yield 1.9%, a market source said.
The notes were sold at a spread of mid-swaps plus 78.8 basis points and have a make-whole call at 25 bps over Treasuries.
J.P. Morgan Securities LLC was bookrunner.
The deal is guaranteed by the Export-Import Bank of the United States, which is an export credit agency based in Washington, D.C.
| Issuer: | Tagua Leasing
|
| Guarantor: | Export-Import Bank of the United States
|
| Issue: | Notes
|
| Amount: | $299.2 million
|
| Maturity: | July 12, 2024
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Coupon: | 1.9%
|
| Price: | Par
|
| Yield: | 1.9%
|
| Spread: | Mid-swaps plus 78.8 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | July 11
|
| Settlement date: | July 18
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Fitch: AAA
|
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