By Aleesia Forni
Virginia Beach, March 5 - Bank of Tokyo-Mitsubishi UFJ Ltd. priced a $4 billion offering of senior notes (Aa3/A+/) in five tranches, according to a market source.
The sale included $1 billion of 1.2% notes due 2017 priced at 99.891 to yield 1.237%, or Treasuries plus 55 basis points.
A second tranche was $850 million of floating-rate notes due 2017 priced at par to yield Libor plus 41 bps.
A $1 billion tranche of 2.3% five-year notes priced at 99.841 to yield 2.334%. The notes sold with a spread of Treasuries plus 80 bps.
There was also $750 million of 3.75% notes due 2024 priced at 99.785 to yield 3.776%, or Treasuries plus 108 bps.
Finally, a $400 million tranche of 4.7% 30-year bonds sold with a spread of Treasuries plus 108 bps. Pricing was at 99.72 to yield 4.717%.
The joint bookrunners for the Rule 144A and Regulation S sale were BofA Merrill Lynch, JPMorgan, Morgan Stanley and Mitsubishi UFJ Securities.
The retail and commercial banking arm of Mitsubishi UFJ Financial Group is based in Tokyo.
| Issuer: | Bank of Tokyo-Mitsubishi UFJ Ltd.
|
| Issue: | Notes
|
| Amount: | $4 billion
|
| Joint bookrunners: | BofA Merrill Lynch, JPMorgan, Morgan Stanley, Mitsubishi UFJ Securities
|
| Trade date: | March 4
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Floaters due 2017
|
| Amount: | $850 million
|
| Maturity: | March 10, 2017
|
| Coupon: | Libor plus 41 bps
|
| Price: | Par
|
| Yield: | Libor plus 41 bps
|
|
|
| Notes due 2017
|
| Amount: | $1 billion
|
| Maturity: | March 10, 2017
|
| Coupon: | 1.2%
|
| Price: | 99.891
|
| Yield: | 1.237%
|
| Spread: | Treasuries plus 55 bps
|
|
|
| Notes due 2019
|
| Amount: | $1 billion
|
| Maturity: | March 10, 2019
|
| Coupon: | 2.3%
|
| Price: | 99.841
|
| Yield: | 2.334%
|
| Spread: | Treasuries plus 80 bps
|
|
|
| Notes due 2024
|
| Amount: | $750 million
|
| Maturity: | March 10, 2024
|
| Coupon: | 3.75%
|
| Price: | 99.785
|
| Yield: | 3.776%
|
| Spread: | Treasuries plus 108 bps
|
|
|
| Notes due 2044
|
| Amount: | $400 million
|
| Maturity: | March 10, 2044
|
| Coupon: | 4.7%
|
| Price: | 99.72
|
| Yield: | 4.717%
|
| Spread: | Treasuries plus 108 bps
|
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