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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Incitec Pivot Limited | ASX:IPL | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.02 | 0.68% | 2.97 | 2.95 | 2.99 | 2.99 | 2.94 | 2.94 | 2,717,599 | 07:50:00 |
Incitec Pivot Finance completed its five-year bond offering Tuesday, selling $500 million of the notes at a discount to yield 4.179%, equivalent to 275 basis points over comparable Treasurys, in line with price guidance, according to people following the deal.
The Australian industrial chemicals and fertilizer company plans to use the proceeds to repay the outstanding balance on its A$1.08 billion bank loan facility maturing in October 2011.
The deal was managed by Citigroup, Bank of America Merrill Lynch and Royal Bank of Scotland.
Available terms are as follows:
Amount: $500 million Maturity: Dec. 7, 2015 Coupon: 4% Price: 99.20 Yield: 4.179% Spread: 275 basis points over Treasurys Settlement: Dec. 7, 2010 Ratings: Baa3 (Moody's Investors Service) BBB (Standard & Poor's) BBB (Fitch Ratings)
-By Katy Burne, Dow Jones Newswires; 212-416-3084; katy.burne@dowjones.com.
1 Year Incitec Pivot Chart |
1 Month Incitec Pivot Chart |
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