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IBM Corp | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC announcement ·  Jan 30 15:05
Summary by Moomoo AI
IBM Corp has successfully priced a multi-tranche notes issuance on January 29, 2024, with a total value of $5.5 billion. The notes, guaranteed by International Business Machines Corporation, are due between 2026 and 2054 with varying coupon rates from 4.600% to 5.300%. The offering includes $600 million at 4.700% due 2026, $500 million at 4.600% due 2027, $500 million at 4.600% due 2029, $500 million at 4.750% due 2031, $1 billion at 4.900% due 2034, $1 billion at 5.250% due 2044, and $1.4 billion at 5.300% due 2054. The notes are expected to settle on February 5, 2024. The joint lead managers and bookrunners for the transaction include prominent financial institutions such as Merrill Lynch, Citigroup Global Markets, Goldman Sachs, HSBC, and J.P. Morgan. The notes will pay interest semi-annually and have been priced close to par, with a slight discount. The offering was made under IBM International Capital Pte. Ltd.'s registration statement with the SEC, and the prospectus is available upon request from the involved financial institutions.
IBM Corp has successfully priced a multi-tranche notes issuance on January 29, 2024, with a total value of $5.5 billion. The notes, guaranteed by International Business Machines Corporation, are due between 2026 and 2054 with varying coupon rates from 4.600% to 5.300%. The offering includes $600 million at 4.700% due 2026, $500 million at 4.600% due 2027, $500 million at 4.600% due 2029, $500 million at 4.750% due 2031, $1 billion at 4.900% due 2034, $1 billion at 5.250% due 2044, and $1.4 billion at 5.300% due 2054. The notes are expected to settle on February 5, 2024. The joint lead managers and bookrunners for the transaction include prominent financial institutions such as Merrill Lynch, Citigroup Global Markets, Goldman Sachs, HSBC, and J.P. Morgan. The notes will pay interest semi-annually and have been priced close to par, with a slight discount. The offering was made under IBM International Capital Pte. Ltd.'s registration statement with the SEC, and the prospectus is available upon request from the involved financial institutions.
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