The leads released guidance earlier this week for the A3A rated transaction at 27bp to 30bp over US Treasuries. The Reg-S 144a deal priced at 99.912% with a coupon of 25bp over three-month Libor, a launch spread of 27bp over Libor.
The leads received bids for over two-times the nominal amount of the deal, with over $1.25 billion coming from 50 accounts. Geographically the allocations were split 58% into Asia, 27% into Europe, and 15% into the US. By...
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