Caterpillar ups, prices A$250 mln 2012 notes
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SYDNEY, Nov 23 (Reuters) - Caterpillar Financial Australia Limited (CFAL) has priced a new A$250 million ($230 million) three-year medium-term note issue at 165 basis points over benchmark.
The issue was upsized from the launch volume of A$150 million due to strong investor demand. The issue will settle on Dec. 1 and maturity is on Dec. 3, 2012. Westpac and ANZ led the issue.
CFAL is a subsidiary of Caterpillar Financial Services
Corporation (Cat Financial), the guarantor of the notes. Cat
Financial is wholly owned by Caterpillar Inc (CAT.N).
The principal business of CFAL is providing financing to its customers for purchases of new and used construction, commercial, mining, and other equipment manufactured by Caterpillar. (Reporting by Wayne Cole) ((wayne.cole@reuters.com ; +61 2 9373 1813; Reuters Messaging: wayne.cole.reuters.com@reuters.net)) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
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