By Andrea Heisinger
New York, Feb. 28 - The Bank of England priced $2 billion of 1.375% three-year notes on Monday at a spread of Treasuries plus 25.8 basis points, or mid-swaps minus 1 bp, an informed source said.
Price talk was in the mid-swaps flat area, a source said.
The notes (Aaa/AAA/) priced at 99.824 to yield 1.435%.
The notes were sold under Rule 144A.
Bank of America Merrill Lynch, Deutsche Bank Securities Inc., HSBC Securities and J.P. Morgan Securities LLC were the bookrunners.
The central bank for the United Kingdom is based in London.
| Issuer: | Bank of England
|
| Issue: | Notes
|
| Amount: | $2 billion
|
| Maturity: | March 7, 2014
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank Securities Inc., HSBC Securities, J.P. Morgan Securities LLC
|
| Coupon: | 1.375%
|
| Price: | 99.824
|
| Yield: | 1.435%
|
| Spread: | Treasuries plus 25.8 bps, mid-swaps minus 1 bp
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | Feb. 28
|
| Settlement date: | March 7
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | Mid-swaps flat
|
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