Urethane Blog
Confidence!
February 26, 2015
LyondellBasell Industries N.V.
$1,000,000,000 4.625% Senior Notes due 2055
Pricing Term Sheet dated February 26, 2015
Issuer: |
LyondellBasell Industries N.V. | |
Security Description: |
$1,000,000,000 4.625% Senior Notes due 2055 | |
Distribution: |
SEC-registered | |
Principal Amount: |
$1,000,000,000 | |
Coupon: |
4.625% | |
Maturity: |
February 26, 2055 | |
Offering Price: |
98.353% of face amount | |
Yield to Maturity: |
4.717% | |
Spread to Benchmark Treasury: |
+210 basis points | |
Benchmark Treasury: |
UST 3.000% due November 15, 2044 | |
Benchmark Treasury Price and Yield: |
107-28; 2.617% | |
Interest Payment Dates: |
February 26 and August 26 | |
First Interest Payment Date: |
August 26, 2015 | |
Optional Redemptions: |
||
Make Whole Call: |
T+35 basis points (at any time before August 26, 2054) | |
Par Call: |
At any time on or after August 26, 2054 | |
Change of Control Triggering Event: |
Puttable at 101% of principal plus accrued and unpaid interest and additional interest, if any | |
Trade Date: |
February 26, 2015 | |
Settlement: |
March 5, 2015 (T+5) | |
CUSIP/ ISIN: |
552081 AM3/ US552081AM30 | |
Expected Ratings*: |
Baa1 / BBB (stable /stable) | |
Denominations/Multiple: |
$2,000 / $1,000 | |
Joint Book-Running Managers: |
Credit Suisse Securities (USA) LLC | |
Deutsche Bank Securities Inc. | ||
J.P. Morgan Securities LLC | ||
Morgan Stanley & Co. LLC | ||
Barclays Capital Inc. | ||
Citigroup Global Markets Inc. | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated |
||
Wells Fargo Securities, LLC |
Co-Managers: |
BNY Mellon Capital Markets, LLC | |
HSBC Securities (USA) Inc. | ||
ING Financial Markets LLC | ||
Mitsubishi UFJ Securities (USA), Inc. | ||
Mizuho Securities USA Inc. | ||
PNC Capital Markets LLC | ||
Regions Securities LLC | ||
Scotia Capital (USA) Inc. | ||
SMBC Nikko Securities America, Inc. | ||
UniCredit Capital Markets LLC |
http://www.sec.gov/Archives/edgar/data/1489393/000119312515066027/d880879dfwp.htm
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