Exxon Mobil Launch and Price Details

February 29th, 2016 1:47 pm | by John Jansen |

I have had my grandfather hat on most of day so have not followed this closely but there appears to be huge demand for this Exxon Mobil multi trancher. If you scroll down to the 30 year you will see it launched at T + 150. Guidance was 155 area and the initial price talk was 175/180. Other tranches have also ratcheted tighter.

Via Bloomberg:

 

LAUNCH: Exxon Mobil $12b Debt Offering in 8 Parts
2016-02-29 18:39:45.687 GMT

By Allan Lopez
(Bloomberg) — Total size $12b.

* Launch/Guid/IPT:
* $1b 2y: +65; +70a; +75-80
* $750m 2y FRN: 3mL+60; 3mL equiv; 3mL equiv
* $1.25m 3y: +80; +85a; +85-90
* $250m 3y FRN: 3mL+78; 3mL equiv; 3mL equiv
* $2.5b 5y: +100; +105a; +110-115
* 5y FRN dropped at guidance
* $1.25b 7y: +120; +125a; +130-135
* $2.5b 10y: +130; +135a; +145-150
* $2.5b 30y: +150; +155a; +175-180
* Guidance area +/- 5
* SEC Registered
* Expected Ratings: Aaa/AAA
* UOP: GCP
* Denoms: $2,000 x $1,000
* Settlement: 3/3/2016 (T+3)
* Bookrunners: C, BofAML, JPM
* Information from person familiar with the matter, who asked
not to be identified because they’re not authorized to speak
about it

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