By Andrea Heisinger
New York, Oct. 13 - Barrick Australia Pty. Ltd. sold $1.25 billion of notes (Baa1/A-/) in two tranches on Tuesday, a market source said.
A $400 million of 4.95% 10-year notes priced at 99.034 to yield 5.073% with a spread of Treasuries plus 175 basis points.
An $850 million tranche of 5.95% 30-year notes priced at 97.571 to yield 6.128%, or Treasuries plus 195 bps.
The tranches each have a make-whole call at Treasuries plus 30 bps and feature a change-of-control put of 101%.
Bookrunners were Citigroup Global Markets, Deutsche Bank Securities and UBS Investment Bank.
The notes were sold via Rule 144A. They are guaranteed by Barrick Gold Corp.
The mining company is based in Perth, Australia.
| Issuer: | Barrick Australia Pty. Ltd.
|
| Guarantor: | Barrick Gold Corp.
|
| Issue: | Notes
|
| Amount: | $1.25 billion
|
| Bookrunners: | Citigroup Global Markets, Deutsche Bank Securities, UBS Investment Bank
|
| Distribution: | Rule 144A
|
| Change-of-control put: | 101%
|
| Trade date: | Oct. 13
|
| Settlement date: | Oct. 16
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A-
|
|
|
| 10-year notes
|
| Amount: | $400 million
|
| Maturity: | Jan. 15, 2020
|
| Coupon: | 4.95%
|
| Price: | 99.034
|
| Yield: | 5.073%
|
| Spread: | Treasuries plus 175 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
|
|
| 30-year notes
|
| Amount: | $850 million
|
| Maturity: | Oct. 15, 2039
|
| Coupon: | 5.95%
|
| Price: | 97.571
|
| Yield: | 6.128%
|
| Spread: | Treasuries plus 195 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
