LONDON -(Dow Jones)- BAE Systems PLC (BA.LN), a defense and aerospace company, has priced its GBP400 million, 10-year senior unsecured bond at 250 basis points over gilts, one of the banks running the deal said Wednesday.
Bank of America Merrill Lynch, BNP Paribas SA, Lloyds Banking Group PLC and Royal Bank of Scotland Group PLC were the lead managers of the sale.
The issuer is rated Baa2 by Moody's Investors Service Inc. and BBB+ by Standard & Poor's Corp. and Fitch Ratings.
Amount: GBP400 million
Maturity: June 8, 2022
Coupon: 4.125%
Reoffer Price: 99.568
Payment Date: June 8, 2012
Spread: 250 basis points over gilts
Debt Ratings: Baa2(Moody's)
BBB+(Standard & Poor's)
BBB+(Fitch)
Denominations: GBP 100,000
Listing: London
Interest: Annual
- By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com
(END) Dow Jones Newswires
May 30, 2012 11:43 ET (15:43 GMT)
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