Initially the BBBBaa2 rated deal market to investors at an indicative guidance set at yen mid-swaps plus 90bp to 95bp. The deal was priced at the tight end of guidance at 90bp over yen-swaps, on a coupon of 2.86%. Fees were undisclosed.
ABN AMRO, Deutsche Bank and Nikko Citigroup were joint bookrunners on the deal.
Roadshows were held in Hong Kong on March 20, Singapore on the 21 and London on the 22nd.