ABB intends to price two-year, five-year, 10-year notes

By Devika Patel

Knoxville, Tenn., March 26 – ABB Finance (USA) Inc. plans to offer guaranteed notes in three tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are guaranteed by Zurich-based parent company ABB Ltd.

The notes will be sold in three fixed-rate tranches due in 2020, in 2023 and in 2028.

The notes will feature a make-whole call for the 2020 notes. There is a make-whole call until two months prior to maturity for the 2023 notes and until three months prior to maturity for the 2028 notes, and then a par call.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

The unit of the power and automation technology company is based in Norwalk, Conn.

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