By Andrea Heisinger
New York, Nov. 17 - Boeing Co. priced $1.2 billion of senior unsecured notes (A2/A/A+) in two tranches on Tuesday, according to a market source and an FWP filing with the Securities and Exchange Commission.
The $700 million tranche of 1.875% three-year notes priced at 99.401 to yield 2.082% with a spread of Treasuries plus 80 basis points. This was tighter than initial talk of 85 bps, a source said.
The tranche has a make-whole call at 15 bps over Treasuries.
A $500 million tranche of 3.75% seven-year notes priced at 98.397 to yield 4.015%, or 115 bps over Treasuries. The tranche priced in line with guidance and has a make-whole call at Treasuries plus 25 bps.
Barclays Capital Inc., Citigroup Global Markets Inc. and RBS Securities Inc. were active bookrunners. Passive bookrunners were BNP Paribas Securities Corp. and Wells Fargo Securities.
Proceeds are going for general corporate purposes.
The aerospace company is based in Chicago.
| Issuer: | Boeing Co.
|
| Issue: | Senior unsecured notes
|
| Total amount: | $1.2 billion
|
| Bookrunners: | Barclays Capital Inc., Citigroup Global Markets Inc., RBS Securities Inc. (active), BNP Paribas Securities Corp., Wells Fargo Securities (passive)
|
| Trade date: | Nov. 17
|
| Settlement date: | Nov. 20
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
|
|
| Three-year notes
|
| Amount: | $700 million
|
| Maturity: | Nov. 20, 2012
|
| Coupon: | 1.875%
|
| Price: | 99.401
|
| Yield: | 2.082%
|
| Spread: | Treasuries plus 80 bps
|
| Call: | Make-whole at Treasuries plus 15 bps
|
| Price talk: | 85 bps area
|
|
|
| Seven-year notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 20, 2016
|
| Coupon: | 3.75%
|
| Price: | 98.397
|
| Yield: | 4.015%
|
| Spread: | Treasuries plus 115 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Price talk: | 115 bps
|
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