By Aleesia Forni
Virginia Beach, June 4 - Capital One Bank NA priced $1.25 billion of senior notes (A3/BBB+/A-) in two parts, according to an informed source.
A $500 million tranche of three-year 1.3% notes priced at 99.988 to yield 1.304%, or Treasuries plus 48 basis points.
There was also $750 million of 2.3% notes due 2019 sold at 99.854 to yield 2.331%, or Treasuries plus 70 bps
Both tranches sold at the tight end of talk.
The joint bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBS Securities Inc.
The financial services company is based in McLean, Va.
| Issuer: | Capital One Bank NA
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Joint bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc.
|
| Trade date: | June 3
|
| Settlement date: | June 5
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: A-
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | June 5, 2017
|
| Coupon: | 1.3%
|
| Price: | 99.988
|
| Yield: | 1.304%
|
| Spread: | Treasuries plus 48 bps
|
| Price talk: | Treasuries plus 50 bps area
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | June 5, 2019
|
| Coupon: | 2.3%
|
| Price: | 99.854
|
| Yield: | 2.331%
|
| Spread: | Treasuries plus 70 bps
|
| Price talk: | Treasuries plus 73 bps area
|
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