| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 450.000 | 3 | May-26 | Sr. Unsecured | Baa1 | BBB+ | BBB+ | Fixed | Tsy | T+125 a | T+105 | 105 | 4.75% | 10 | 99.94100 |
| USD | 550.000 | 5 | Mar-28 | Sr. Unsecured | Baa1 | BBB+ | BBB+ | Fixed | Tsy | T+145 a | T+130 | 130 | 5.45% | 15 | 102.73200 |
| USD | 800.000 | 10 | May-33 | Sr. Unsecured | Baa1 | BBB+ | BBB+ | Fixed | Tsy | T+185 a | T+162.5 | 162.5 | 5.13% | 10 | 99.84400 |
Tranche Comments
3 yr: Book size: 1600; First Pay: 2023-11-15; Registration: Registered; Comments: US$450m 4.75% cpn 3yr (5/15/26) at 99.941, yld 4.771%. Spread: T+105bp. MWC T+20bp. LEI: SJ7XXD41SQU3ZNWUJ746;
5 yr: Book size: 1200; First Pay: 2023-11-15; Redemption: 2028-02-01; Registration: Registered; Comments: US$550m 5yr Tap of the 5.45 03/01/28 at 102.732 , yld 4.796%. Spread: T+130bp. Par Call: 1m. LEI: SJ7XXD41SQU3ZNWUJ746;
10 yr: Book size: 2400; First Pay: 2023-11-15; Redemption: 2033-02-15; Registration: Registered; Comments: US$800m 5.125% cpn 10yr (5/15/33) at 99.844, yld 5.145%. Spread: T+162.5bp. MWC T+25bp. Par Call: 3m. LEI: SJ7XXD41SQU3ZNWUJ746;
Deal Comments
Joint Bookrunners: CTI(B&D) (3yr), GSC(B&D) (5yr), BRC(B&D) (10yr); 3yr: PNC, BNY, KEY, USB; 5yr: MIZ, TDS, RBC, MOS. 10yr: MUF, WFS, BAM, JPM. US$550m tap of the 5.45% due 3/1/2028
Use of Proceeds
Repay debt