By Andrea Heisinger
New York, March 8 - Bank of England sold $2 billion of 1.625% three-year global notes early on Monday to yield Treasuries plus 32.4 basis points, a source away from the sale said.
The non-callable notes (Aaa/AAA/AAA) were priced at 99.7.
The Rule 144A offering was originally announced on March 3 but was delayed.
Barclays Capital, BNP Paribas Securities, Goldman Sachs & Co. and J.P. Morgan Securities ran the books.
Proceeds are being used to finance foreign exchange reserves.
The central bank for the United Kingdom is based in London.
| Issuer: | Bank of England
|
| Issue: | Global notes
|
| Amount: | $2 billion
|
| Maturity: | March 18, 2013
|
| Bookrunners: | Barclays Capital, BNP Paribas Securities, Goldman Sachs & Co., J.P. Morgan Securities
|
| Coupon: | 1.625%
|
| Price: | 99.7
|
| Spread: | Treasuries plus 32.4 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | March 8
|
| Settlement date: | March 16
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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