By Aleesia Forni
Virginia Beach, Va., Sept. 19 - BB&T Corp. sold $750 million of 2.3% five-year notes on Thursday at 99.98 to yield 2.304%, according to a market source.
The notes (A1/A/A+) sold on top of talk at a spread of Treasuries plus 83 basis points.
BB&T Capital Markets, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC were the joint bookrunners.
The financial services company is based in Winston-Salem, N.C.
| Issuer: | BB&T Corp.
|
| Amount: | $750 million
|
| Description: | Notes
|
| Maturity: | Oct. 15, 2018
|
| Bookrunners: | BB&T Capital Markets, Deutsche Bank Securities Inc., Wells Fargo Securities LLC
|
| Coupon: | 2.3%
|
| Price: | 99.98
|
| Yield: | 2.304%
|
| Spread: | Treasuries plus 83 bps
|
| Trade date: | Sept. 19
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Price talk: | Treasuries plus 83 bps area
|
© 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.
