By Cristal Cody
Tupelo, Miss., Sept. 8 – Anglo American Capital plc priced $1.5 billion of senior notes (Baa2/BBB/BBB) in two parts on Tuesday, according to a market source.
A $1 billion tranche of 2.625% 10-year notes, talked to price with a spread in the 230 basis points over Treasuries area, came at a Treasuries plus 205 bps spread.
Anglo American sold $500 million of 3.95% 30-year notes at a 260 bps over Treasuries spread.
Initial price talk was in the Treasuries plus 290 bps area.
BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Bank plc and Santander Investment Securities Inc. were the bookrunners.
Anglo American Capital is a London-based entity of Johannesburg mining company Anglo American plc.
| Issuer: | Anglo American Capital plc
|
| Amount: | $1.5 billion
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Bank plc and Santander Investment Securities Inc.
|
| Trade date: | Sept. 8
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Fitch: BBB
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 10, 2030
|
| Coupon: | 2.625%
|
| Spread: | Treasuries plus 205 bps
|
| Price guidance: | Treasuries plus 230 bps area
|
|
|
| 30-year notes
|
| Amount: | $500 million
|
| Maturity: | Sept. 10, 2050
|
| Coupon: | 3.95%
|
| Spread: | Treasuries plus 260 bps
|
| Price guidance: | Treasuries plus 290 bps area
|
|
|
|
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