VISA issues notes in September 2017

$2.5 billion

2.15% Notes due 2022
2.75% Notes due 2027
3.65% Notes due 2047

Siebert Cisneros Shank acted as a co-manager on Visa’s second bond offering on September 6, 2017. The use of proceeds was designated for the repayment of the outstanding 1.20% senior notes due 12/14/17, as well as general corporate purposes. From initial price thoughts to pricing, spreads tightened by at least 15 basis points on all tranches. The total order book was over $7 billion. The transaction settled on September 11, 2017. Siebert Cisneros Shank was also a co-manager on Visa’s inaugural bond offering in December 2015.