By Cristal Cody
Chicago, March 15 – Anglo American Capital plc sold $1 billion of notes in two fixed-rate tranches on Monday, according to a market source.
A $500 million tranche of 2.25% seven-year notes priced with a spread of Treasuries plus 107 basis points. The tranche was expected in the Treasuries plus 130 bps area.
Anglo American also sold $500 million of 2.875% 10-year notes with a spread of Treasuries plus 130 bps.
Initial price talk had the second tranche expected in the Treasuries plus 145 bps to 150 bps area.
BofA Securities Inc., Barclays, Credit Agricole CIB and SMBC Nikko Securities America Inc. worked as bookrunners for the offering.
The company is a financing arm of London-based mining company Anglo American plc.
| Issuer: | Anglo American Capital plc
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Bookrunners: | BofA Securities Inc., Barclays, Credit Agricole CIB and SMBC Nikko Securities America Inc.
|
| Trade date: | March 15
|
|
|
| 2028 notes
|
| Amount: | $500 million
|
| Maturity: | March 17, 2028
|
| Coupon: | 2.25%
|
| Spread: | Treasuries plus 107 bps
|
| Price talk: | Treasuries plus 130 bps area
|
|
|
| 2031 notes
|
| Amount: | $500 million
|
| Maturity: | March 17, 2031
|
| Coupon: | 2.875%
|
| Spread: | Treasuries plus 130 bps
|
| Price talk: | Treasuries plus 145 bps to 150 bps area
|
|
|
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