Caterpillar adds A$200 million to 2015 bond [UPDATED]
- Thursday, 21 February 2013
On February 21 Caterpillar Financial Australia (Caterpillar) (A/A2/A) launched and priced a A$200 million (US$205 million) increase to its April 10 2015 notes, upsized by A$50 million from launch.
The issuer's last AUD domestic deal, priced in November 2012, was A$150 million of floating rate notes maturing in May 2016 and priced at 90 basis points over the three-month bank bill swap rate.
Issuer name: Caterpillar Financial Australia
Issuer rating: A/A2/A
Issue rating: as issuer
Pricing date: February 21 2013
Settlement date: March 1 2013
Maturity date: April 10 2015
Lead managers: ANZ, Westpac Institutional Bank
Volume: A$200 million (US$205.04 million)
Total outstanding in this line: A$300 million
Coupon type: fixed
Coupon rate: 5%
Issue/re-offer price: 102.463% (including 1.951% accrued)
Issue yield: 3.7725%
Margin to swap: 80bp/s-q
Issuer's outstanding domestic volume: A$1.23 billion
Number of lines: five
Next maturity date: June 14 2013
Next maturity volume: A$220 million
Previous issue date: November 13 2012
Previous issue maturity: May 20 2016
Previous issue volume: A$150 million
Previous issue margin: 90bp/swap
