BAE Systems US$1.3bn 3.400% notes due 2030
Fund part of the post-employment benefit plans deficit, directly or by repaying commercial paper used for it
Key terms
- Borrower or issuer
- BAE Systems
- Date
- 8 Apr 2020
- Type
- Bond
- Amount
- US$1.3bn
- Pricing
- 3.400%
- Maturity
- 2030
Recorded terms
- Structure
- Rule 144A / Reg S notes issued by BAE Systems plc
- Country
- United Kingdom
Parties
- BAE Systems borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 27 Mar 2020 | Huntington Ingalls Industries US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 25 Mar 2020 | General Dynamics US$4,000m senior notes (5 tranches) | Bond | US$4bn |
| 23 Mar 2020 | Northrop Grumman US$2,250m senior notes (3 tranches) | Bond | US$2.25bn |
| 11 Mar 2020 | Textron US$650m 3.0% notes due 2030 | Bond | US$650m |
| 7 May 2020 | Thales €700m 1% bond due 2028 | Bond | €700m |
More from BAE Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| Mar 2024 | BAE Systems US$4.8bn notes refinancing the Ball Aerospace acquisition | Bond | US$4.8bn |
| 9 Sep 2020 | BAE Systems US$2bn notes (1.900% 2031 and 3.000% 2050) | Bond | US$2bn |
| 4 Dec 2015 | BAE Systems US$1.5bn guaranteed notes (3 tranches) | Bond | US$1.5bn |
M&A and investment involving BAE Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 16 Feb 2024 | BAE Systems acquisition of Ball Aerospace | M&A | US$5.5bn |
Sources
- BAE Systems RNS: notes issue investegate.co.uk · 8 Apr 2020
About this record
Record DEF-2020-0007, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
