Investing.com -- International Business Machines Corporation (NYSE: NYSE:IBM) has filed for several euro-denominated notes. The company aims to list these notes on the New York Stock Exchange.
The notes include €750,000,000 2.900% notes due on February 10, 2030, €1,100,000,000 3.150% notes due on February 10, 2033, €900,000,000 3.450% notes due on February 10, 2037, and €750,000,000 3.800% notes due on February 10, 2045. The interest payment date for all these notes will be February 10 of each year, with the first payment date set for February 10, 2026.
The joint bookrunning managers for this offering include BNP Paribas (EPA:BNPP), Banco Santander (BME:SAN), S.A., Barclays (LON:BARC) Bank PLC, Deutsche Bank AG (ETR:DBKGn), London Branch, RBC Europe Limited, SMBC Bank International plc, Société Générale (EPA:SOGN), U.S. Bancorp (BVMF:USBC34) Investments, Inc., and Wells Fargo (NYSE:WFC) Securities International Limited. Senior co-managers include Banco Bilbao Vizcaya Argentaria, S.A., Canadian Imperial Bank of Commerce (NYSE:CM), London Branch, ING Bank N.V., Belgian Branch, Mizuho (NYSE:MFG) International plc, MUFG Securities EMEA plc, and Scotiabank (TSX:BNS) (Ireland) Designated Activity Company.
Academy Securities, Inc., Bancroft Capital, LLC, Samuel A. Ramirez & Company, Inc., and Siebert Williams Shank & Co., LLC will act as co-managers for this offering.
The notes’ issuer, International Business Machines Corporation, has an expected rating of A3 / A- / A- from Moody’s/S&P/Fitch. The notes will be issued in registered form, with the trade date set for February 5, 2025, and the settlement date set for February 10, 2025.
In addition to the euro-denominated notes, IBM intends to offer dollar-denominated notes concurrently. This concurrent offering will be made using a separate prospectus supplement and is not a condition for the completion of the euro-denominated notes offering.
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