| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 600.000 | 10 | Mar-31 | Sr. Unsecured | Baa2 | BBB | BBB | Fixed | Tsy | T+115-120 | T+95 | 95 | 2.60% | -2 | 100.97300 |
| USD | 650.000 | 30 | Oct-51 | Sr. Unsecured | Baa2 | BBB | BBB | Fixed | Tsy | T+170 a | T+145 a | 142 | 3.50% | -5 | 99.83300 |
Tranche Comments
10 yr: Book size: 1500; First Pay: 2022-03-15; Redemption: 2030-12-15; Registration: Registered; Comments: US$600m tap of the 2.60% 3/15/31 at 100.973, yld 2.481%. Spread: T+95bp. MWC T+20bp;
30 yr: Book size: 2250; First Pay: 2022-03-15; Redemption: 2051-04-15; Registration: Registered; Comments: US$650m 3.50% cpn 30-year(10/15/51) at 99.833, yld 3.509% . Spread: T+142bp. MWC T+25bp;
Deal Comments
Total deal was upsized from US$1bn to US$1.25bn. Active Bookrunners: WFS(B&D), BRC, SMB, TRU. Passive Bookrunners: DEU, JPM, MOS, PNC, USB
Use of Proceeds
Repay notes and general corporate purposes
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