FedEx Corp (FDX) 2020-1

USD1,000.0005May-25Sr. UnsecuredBaa2BBB-FixedTsyT+390 a-3503.80%4799.72400
USD750.00010May-30Sr. UnsecuredBaa2BBB-FixedTsyT+400 a-3704.25%4699.75800
USD1,250.00030May-50Sr. UnsecuredBaa2BBB-FixedTsyT+450 a-4105.25%3599.05000
Tranche Comments
5 yr: Book size: 4400; Registration: Registered; Comments: US$ 1bn 3.80% cpn 5-year(5/15/25) at 99.724, yld 3.859%. Spread: T+350bp. Cusip: 31428XBY1. MWC T+50bp; 10 yr: Book size: 2400; Registration: Registered; Comments: US$750m 4.25% cpn 10-year(5/15/30) at 99.758, yld 4.279%. Spread: T+370bp. Cusip: 31428XBZ8. MWC T+50bp; 30 yr: Book size: 4300; Registration: Registered; Comments: US$1.25bn 5.25% cpn 30-year(5/15/50) at 99.05, yld 5.313%. Spread: T+410bp. Cusip: 31428XCA2. Mwc T+50bp;
Use of Proceeds
Repay bank debt and general corporate purposes

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