Boeing talks $750 million of notes in three parts; pricing Wednesday

By Aleesia Forni

Virginia Beach, Feb. 18 – The Boeing Co. plans to sell $750 million of senior notes (A2/A/) in three tranches on Wednesday, according to a market source and a 424B3 filed with the Securities and Exchange Commission.

The sale is expected to include notes due 2025 talked in the 85 basis points area over Treasuries.

A tranche of notes due 2035 is talked in the area of 100 bps over Treasuries.

There is also a tranche of bonds due 2045 talked in the area of Treasuries plus 120 bps.

Proceeds will be used for general corporate purposes.

The bookrunners for the 10-year notes are J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Mizuho Securities and RBS Securities Inc.

The bookrunners for the 20-year bonds are J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., RBC Capital Markets LLC, SMBC Nikko and U.S. Bancorp Investments Inc.

The bookrunners for the 30-year bonds are J.P. Morgan Securities LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC, Barclays, MUFG and Wells Fargo Securities LLC.

Boeing is a Chicago-based aerospace company.

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