Commentary & Deal Flow

AngloGold Ashanti Holdings plc (ANGSJ) exp Baa3/BB+/BBB- US$700m SEC registered 10y sr notes due 10/1/30. Gtd by AngloGold Ashanti Ltd. MWC then 3mos par call. 101 CoC (upon the occurrence of both (i) a change of control of AngloGold Ashanti Limited and (ii) a rating downgrade of the notes by each of Fitch, Moody’s and S&P). Barc/BMO/BNP/BofA/CIBC/Citi/ DB/JPM (B&D)/RBC/Scotia/Stan Chart (active)/ANZ (passive) joint books. List NYSE. NY Law. UOP: repay a portion of the outstanding borrowings under $1.4 billion multi-currency syndicated revolving credit facility. Co may from time to time reborrow amounts repaid under our $1.4 billion multi-currency RCF. Marketing: www.netroadshow.com; passcode: Anglo2020 (not case-sensitive). Pricing today. Settle 10/1 (T+3). 

• IPTs: T+362.5-375.
  GUIDANCE: T+337.5 area.
  LAUNCHED: $700m 10y at T+312.5.
  

PRICED: $700m 3.75% 10/1/30 99.678 3.789% T+312.5.