By Aleesia Forni
New York, Jan. 5 – Barclays plc sold $4 billion of senior notes (Baa3/BBB/A) on Tuesday in five- and 10-year tranches, according to an informed source.
There was $1.5 billion of 3.25% five-year notes priced at 99.945 to yield 3.262%, or Treasuries plus 155 basis points.
Price guidance was set in the Treasuries plus 160 bps area, tightened from talk in the Treasuries plus 165 bps area.
A $2.5 billion tranche of 4.375% 10-year notes sold at 99.512 to yield 4.436% with a spread of Treasuries plus 220 bps.
The notes sold at the tight end of guidance set in the Treasuries plus 225 bps area. Initial talk was in the Treasuries plus 230 bps area.
Barclays is the bookrunner.
Proceeds will be used for general corporate purposes.
The financial services company is based in London.
| Issuer: | Barclays plc
|
| Issue: | Senior notes
|
| Amount: | $4 billion
|
| Bookrunner: | Barclays
|
| Trade date: | Jan. 5
|
| Ratings: | Moody’s: Baa3
|
| Standard & Poor’s: BBB
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | Jan. 12, 2021
|
| Coupon: | 3.25%
|
| Price: | 99.945
|
| Yield: | 3.262%
|
| Spread: | Treasuries plus 155 bps
|
| Price guidance: | Treasuries plus 160 bps area, tightened from Treasuries plus 165 bps area
|
|
|
| 10-year notes
|
| Amount: | $2.5 billion
|
| Maturity: | Jan. 12, 2026
|
| Coupon: | 4.375%
|
| Price: | 99.512
|
| Yield: | 4.436%
|
| Spread: | Treasuries plus 220 bps
|
| Price guidance: | Treasuries plus 225 bps area, tightened from Treasuries plus 230 bps area
|
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