Reuters logo
New Issue- Costco sells $3.5 bln in 3 parts
November 29, 2012 / 8:31 PM / 5 years ago

New Issue- Costco sells $3.5 bln in 3 parts

Nov 29 (Reuters) - Costco Wholesale Corp on
Thursday sold $3.5 billion of notes in three parts, said IFR, a
Thomson Reuters service. 
    Bank of America Merrill Lynch and J.P. Morgan were the joint
active bookrunning managers for the sale.

BORROWER: COSTCO

TRANCHE 1
AMT $1.2 BLN    COUPON 0.65 PCT    MATURITY    12/07/2015   
TYPE NTS        ISS PRICE 99.881   FIRST PAY   06/07/2013 
MOODY'S A1      YIELD 0.69 PCT     SETTLEMENT  12/07/2012   
S&P A-PLUS      SPREAD 35 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS     MORE THAN TREAS   MAKE-WHOLE CALL 5 BPS
    
TRANCHE 2
AMT $1.1 BLN    COUPON 1.125 PCT   MATURITY    12/15/2017   
TYPE NTS        ISS PRICE 99.98    FIRST PAY   06/15/2013 
MOODY'S A1      YIELD 1.129 PCT    SETTLEMENT  12/07/2012   
S&P A-PLUS      SPREAD 50 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS     MORE THAN TREAS   MAKE-WHOLE CALL 7.5 BPS
        
TRANCHE 3
AMT $1.2 BLN    COUPON 1.7 PCT     MATURITY    12/15/2019  
TYPE NTS        ISS PRICE 99.776   FIRST PAY   06/15/2013 
MOODY'S A1      YIELD 1.734 PCT    SETTLEMENT  12/07/2012   
S&P A-PLUS      SPREAD 70 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS     MORE THAN TREAS   MAKE-WHOLE CALL 10 BPS

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below