New Issue: Bank of England prices $2 billion 1.75% three-year notes at 34 bps over Treasuries

By Cristal Cody

Tupelo, Miss., Feb. 27 – The Bank of England (Aa1/AA/AA) priced $2 billion of 1.75% three-year notes in a Rule 144A and Regulation S transaction on Monday at a spread of 34 basis points over Treasuries, a source said.

BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. and HSBC Securities (USA) Inc. were the lead managers.

London-based Bank of England is the central bank of the United Kingdom.

Issuer:	Bank of England
Amount:	$2 billion
Description:	Notes
Maturity:	March 6, 2020
Bookrunners:	BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. and HSBC Securities (USA) Inc.
Coupon:	1.75%
Spread:	Treasuries plus 34 bps
Trade date:	Feb. 27
Ratings:	Moody’s: Aa1
	S&P: AA
	Fitch: AA
Distribution:	Rule 144A, Regulation S

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