| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 600.000 | 2 | Feb-26 | Sr. Unsecured | A3 | A- | A- | Fixed | Tsy | - | - | 45 | 4.70% | - | 99.87600 |
| USD | 500.000 | 3 | Feb-27 | Sr. Unsecured | A3 | A- | A- | Fixed | Tsy | - | - | 55 | 4.60% | - | 99.84200 |
| USD | 500.000 | 5 | Feb-29 | Sr. Unsecured | A3 | A- | A- | Fixed | Tsy | - | - | 65 | 4.60% | - | 99.85400 |
| USD | 500.000 | 7 | Feb-31 | Sr. Unsecured | A3 | A- | A- | Fixed | Tsy | - | - | 75 | 4.75% | - | 99.77000 |
| USD | 1,000.000 | 10 | Feb-34 | Sr. Unsecured | A3 | A- | A- | Fixed | Tsy | - | - | 85 | 4.90% | - | 99.75000 |
| USD | 1,000.000 | 20 | Feb-44 | Sr. Unsecured | A3 | A- | A- | Fixed | Tsy | - | - | 85 | 5.25% | - | 99.59600 |
| USD | 1,400.000 | 30 | Feb-54 | Sr. Unsecured | A3 | A- | A- | Fixed | Tsy | - | - | 100 | 5.30% | - | 99.43500 |
Tranche Comments
2 yr: First Pay: 2024-08-05; Registration: Registered; Comments: US$600m 2yr (02/05/2026) cpn 4.700% fxd at 99.876, yld 4.766%. Spread: T+45bps. MWC: T+10bps;
3 yr: First Pay: 2024-08-05; Redemption: 2027-01-05; Registration: Registered; Comments: US$500m 3yr (02/05/2027) cpn 4.600% fxd at 99.842, yld 4.657%. Spread: T+55bps. MWC: T+10bps;
5 yr: First Pay: 2024-08-05; Redemption: 2029-01-05; Registration: Registered; Comments: US$500m 5yr (02/05/2029) cpn 4.600% fxd at 99.854, yld 4.633%. Spread: T+65bps. MWC: T+10bps;
7 yr: First Pay: 2024-08-05; Redemption: 2030-12-05; Registration: Registered; Comments: US$500m 7yr (02/05/2031) cpn 4.750% fxd at 99.77, yld 4.789%. Spread: T+75bps. MWC: T+15bps;
10 yr: First Pay: 2024-08-05; Redemption: 2033-11-05; Registration: Registered; Comments: US$1bn 10yr (02/05/2034) cpn 4.900% fxd at 99.75, yld 4.932%. Spread: T+85bps. MWC: T+15bps;
20 yr: First Pay: 2024-08-05; Redemption: 2043-08-05; Registration: Registered; Comments: US$1bn 20yr (02/05/2044) cpn 5.250% fxd at 99.596, yld 5.283%. Spread: T+85bps. MWC: T+15bps;
30 yr: First Pay: 2024-08-05; Redemption: 2053-08-05; Registration: Registered; Comments: US$1.4bn 30yr (02/05/2054) cpn 5.300% fxd at 99.435, yld 5.338%. Spread: T+100bps. MWC: T+15bps;
Guarantor(s)
International Business Machines Corp
Use of Proceeds
Repay debt and for general corporate purposes