By Aleesia Forni
Virginia Beach, Sept. 24 - Bangkok Bank plc priced a $1 billion two-part offering of notes (A3/BBB+/BBB+) due 2018 and 2023, according to an informed source.
The company sold $500 million of 3.3% five-year notes at Treasuries plus 190 basis points.
Pricing was at 99.985 to yield 3.323%.
A $500 million tranche of 5% 10-year notes sold at Treasuries plus 235 bps, or 99.961 to yield 5.005%.
Morgan Stanley was the bookrunner for the Rule 144A and Regulation S deal.
The company previously held a roadshow during the Sept. 16 week.
| Issuer: | Bangkok Bank plc
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Bookrunner: | Morgan Stanley
|
| Trade date: | Sept. 24
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
| Distribution: | Rule 144A/Regulation S
|
|
|
| Five-year notes
|
| Amount: | $500 million
|
| Maturity: | Oct. 3, 2018
|
| Coupon: | 3.3%
|
| Price: | 99.985
|
| Yield: | 3.323%
|
| Spread: | Treasuries plus 235 bps
|
|
|
| 10-year notes
|
| Amount: | $500 million
|
| Maturity: | Oct. 3, 2023
|
| Coupon: | 5%
|
| Price: | 99.961
|
| Yield: | 5.005%
|
| Spread: | Treasuries plus 235 bps
|
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