By Cristal Cody
Chicago, Oct. 20 – Export Finance Australia priced $1.5 billion of 4.625% five-year notes on Wednesday, according to a market source.
The notes priced at SOFR mid-swaps plus 66 basis points, or at Treasuries plus 41.7 bps.
Talk started in the SOFR mid-swaps plus 70 bps area, but guidance was tightened during pricing to the SOFR mid-swaps plus 68 bps area.
BofA, Commonwealth Bank of Australia, Citigroup, JPMorgan and UBS are the bookrunners for the Rule 144A and Regulation S deal.
Based in Sydney, Australia, Export Finance is Australia’s export credit agency.
| Issuer: | Export Finance Australia
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| Amount: | $1.5 billion
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| Issue: | Notes
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| Maturity: | Oct. 26, 2027
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| Bookrunners: | BofA, Commonwealth Bank of Australia, Citigroup, JPMorgan and UBS
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| Coupon: | 4.625%
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| Spread: | SOFR mid-swaps plus 66 bps, or Treasuries plus 41.7 bps
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| Trade date: | Oct. 19
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | SOFR mid-swaps plus 70 bps area, guided to SOFR mid-swaps plus 68 bps area
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