Philips Electronics N.V., the Netherlands-based electronics giant, priced a $432 million credit tenant lease Friday, according to a source familiar with the transaction.
The offering was priced at 240 basis points over the Interpolated Treasury Curve Eight and a Half.
The deal offers a semi-annual equivalent yield of 4.15%, which translates to a quarterly coupon of 4.13%, the source said.
For a previous story on the deal, please click here.