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Friday, 24 November 2017

Oracle announces five-part US dollar bond: lead

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Oracle Corp has announced a five-part US dollar benchmark bond sale ahead of expected pricing on Tuesday, according to a lead bank.

The tech company, rated A1/AA-/A+, is offering investors a long fixed-rate five-year bond as well as fixed-rate seven, 10, 20 and 30-year maturities.

Initial price thoughts are T+65bp area, T+85bp area, T+100bp area, T+110bp area and T+130bp area respectively.

Bookrunners are Bank of America Merrill Lynch and Wells Fargo.

 

 

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