| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 850.000 | 5 | Jan-29 | - | Baa3 | BBB- | BBB- | Fixed | Tsy | T+270 a | T+240 | 240 | 6.10% | 10 | 99.96000 |
| USD | 1,150.000 | 10 | Jun-33 | - | Baa3 | BBB- | BBB- | Fixed | Tsy | T+310 a | T+280 | 280 | 6.40% | 7 | 99.90900 |
| USD | 500.000 | 30 | Jan-53 | - | Baa3 | BBB- | BBB- | Fixed | Tsy | T+345 a | T+315 | 315 | 6.75% | 7 | 96.91900 |
Tranche Comments
5 yr: Book size: 2900; First Pay: 2024-01-15; Redemption: 2028-12-15; Registration: Registered; Comments: US$850m 6.10% cpn 5yr at 99.960, yld 6.106%. T+240bp. MWC T+40bp. Par Call: 1m. LEI: 1HNPXZSMMB7HMBMVBS46. Tax Call: No. PP: No. XD: No;
10 yr: Book size: 3400; First Pay: 2023-12-15; Redemption: 2033-03-15; Registration: Registered; Comments: US$1.15bn 6.40% cpn 10yr at 99.909, yld 6.412%. T+280bp. MWC T+45bp. Par Call: 3m. LEI: 1HNPXZSMMB7HMBMVBS46. Tax Call: No. PP: No. XD: No;
30 yr: Book size: 3200; First Pay: 2024-01-15; Redemption: 2052-07-15; Registration: Registered; Comments: US$500m 30yr tap of the 6.75% 1/15/53 at 96.919, yld 6.997%. T+315bp. MWC T+45bp. Par Call: 6m. LEI: 1HNPXZSMMB7HMBMVBS46. Tax Call: No. PP: No. XD: No;
Deal Comments
First Mortgage Bond. US$500m tap of the 6.75% due 1/15/2053. Active Bookrunners: BRC, BAM, GSC, JPM. Passive Bookrunners: BMO, CTI, CSG
Use of Proceeds
Repay debt and for general corporate purposes