By Andrea Heisinger
New York, Jan. 13 - Santander US Debt SA Unipersonal priced $1.5 billion of senior notes (Aa2/AA/AA) in two tranches late on Wednesday, a source away from the sale said.
The $500 million tranche of three-year notes priced at par to yield 2.485% with a spread of 100 basis points over Treasuries.
A $1 billion tranche of five-year notes was sold at par to yield 3.724%, or Treasuries plus 120 bps.
The tranches were priced under Rule 144A and are non-callable.
J.P. Morgan Securities and Morgan Stanley were bookrunners.
The unit of the financial services company Banco Santander SA is based in Madrid, Spain.
| Issuer: | Santander US Debt SA Unipersonal
|
| Issue: | Senior notes
|
| Amount: | $1.5 billion
|
| Bookrunners: | J.P. Morgan Securities, Morgan Stanley & Co.
|
| Distribution: | Rule 144A
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 19
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 18, 2013
|
| Coupon: | 2.485%
|
| Price: | Par
|
| Yield: | 2.485%
|
| Spread: | Treasuries plus 100 bps
|
| Call: | Non-callable
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 20, 2015
|
| Coupon: | 3.724%
|
| Price: | Par
|
| Yield: | 3.724%
|
| Spread: | Treasuries plus 120 bps
|
| Call: | Non-callable
|
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