By Cristal Cody
Tupelo, Miss., March 13 – Anglo American Capital plc priced $650 million of 4.5% 10-year notes (Baa3/BBB-/BBB-) on Tuesday on top of guidance at a spread of 170 basis points over Treasuries, according to a market source.
The issue was launched on Monday.
Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC were the bookrunners.
The company is a financing arm of London-based mining company Anglo American plc.
| Issuer: | Anglo American Capital plc
|
| Amount: | $650 million
|
| Maturity: | 10 years
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
|
| Coupon: | 4.5%
|
| Spread: | Treasuries plus 170 bps
|
| Trade date: | March 13
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB-
|
| Fitch: BBB-
|
| Price talk: | Treasuries plus 170 bps area
|
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