The US armaments group Lockheed Martin Corp (LMT) has issued a bond with a volume of USD 2 billion (senior unsecured) with 3 tranches: coupon 4.45% (maturity 5 years), coupon 4.75% (maturity 10 years) and coupon 5.20% (maturity 30 years).
Loockheed Martin is rated A3 by Moody’s, A- by S&P and A- by Fitch. The bonds have a denomination of USD 1,000 and the minimum order was USD 2,000. The transaction was accompanied by Barclays, Citi and Credit Agricole CIB. The settlement took place on May 25, 2023.
The three tranches in detail:
– Term: 05/15/2028, Coupon 4.45%, Issue price 99.82%, volume: USD 500 million, ISIN US539830BZ19, WKN A3LH9G
– term: 02/25/2034, coupon 4.75%, Issue price 99.674%, volume: USD 850 million, ISIN US539830CA58, WKN A3LH9H
– term: 02/25/2055, coupon 5.20%, Issue price 99.24%, volume USD 650 million, ISIN US539830CB32, WKN A3LH9J
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