New Issue- Xstrata sells $4.5 bln in 4-part notes
Oct 19 (Reuters) - Xtsrata Finance (Canada) Ltd Corp
on Thursday sold $4.5 billion of 4-part senior
unsecured notes in the 144a private placement market, said IFR,
a Thomson Reuters service.
Barclays Capital, J.P. Morgan, Mizuho and RBS were the joint
active bookrunning managers for the sale.
BORROWER: XSTRATA
TRANHE 1
AMT $1.25 BLN COUPON 1.8 PCT MATURITY 10/23/2015
TYPE SR NTS ISS PRICE 99.968 FIRST PAY 04/23/2013
MOODY'S Baa2 YIELD 1.811 PCT SETTLEMENT 10/25/2012
S&P BBB-PLUS SPREAD 140 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
TRANCHE 2
AMT $1.75 BLN COUPON 2.45 PCT MATURITY 10/25/2017
TYPE SR NTS ISS PRICE 99.832 FIRST PAY 04/25/2013
MOODY'S Baa2 YIELD 2.486 PCT SETTLEMENT 10/25/2012
S&P BBB-PLUS SPREAD 170 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 30 BPS
TRANCHE 3
AMT $1 BLN COUPON 4 PCT MATURITY 10/25/2022
TYPE SR NTS ISS PRICE 99.747 FIRST PAY 04/25/2013
MOODY'S Baa2 YIELD 4.031 PCT SETTLEMENT 10/25/2012
S&P BBB-PLUS SPREAD 220 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 35 BPS
TRANCHE 4
AMT $500 MLN COUPON 5.3 PCT MATURITY 10/25/2042
TYPE SR NTS ISS PRICE 99.3465 FIRST PAY 04/25/2013
MOODY'S Baa2 YIELD 5.344 PCT SETTLEMENT 10/25/2012
S&P BBB-PLUS SPREAD 235 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 40 BPS
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