By Cristal Cody
Tupelo, Miss., Oct. 3 – Walt Disney Co. priced C$1.25 billion of 2.758% seven-year senior notes (A2/A+/A) at par to yield a spread of 81 basis points over the Government of Canada interpolated bond curve on Tuesday, according to a market source and an FWP filing with the Securities and Exchange Commission.
HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc. were the bookrunners.
Proceeds will be used for general corporate purposes.
Walt Disney is a Burbank, Calif.-based entertainment and media company.
| Issuer: | Walt Disney Co.
|
| Amount: | C$1.25 billion
|
| Description: | Senior notes
|
| Maturity: | Oct. 7, 2024
|
| Bookrunners: | HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc.
|
| Coupon: | 2.758%
|
| Price: | Par
|
| Yield: | 2.758%
|
| Spread: | Government of Canada interpolated bond curve plus 81 bps, or 83.7 bps versus Government of Canada benchmark bond
|
| Call feature: | At par or Government of Canada bond yield plus 20 bps any time before maturity
|
| Trade date: | Oct. 3
|
| Settlement date: | Oct. 6
|
| Ratings: | Moody’s: A2
|
| S&P: A+
|
| Fitch: A
|
| Distribution: | SEC registered, Canada private placement
|
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