Issuer:
|
Teck Resources Limited
|
Guarantor:
|
Teck Metals Ltd.
|
Size:
|
$500,000,000
|
Format:
|
SEC-Registered
|
Maturity:
|
February 1, 2018
|
Coupon (Interest Rate):
|
2.500%
|
Yield to Maturity:
|
2.561%
|
Spread to Benchmark Treasury:
|
+195 bps
|
Benchmark Treasury:
|
UST 0.500% due 7/31/17
|
Benchmark Treasury Price and Yield:
|
99-14+ / 0.611%
|
Interest Payment Dates:
|
February 1 and August 1
|
First Interest Payment Date:
|
February 1, 2013
|
Optional Redemption:
|
Make-whole call at T+30 bps at any time
|
Change of control:
|
101% of principal plus accrued interest
|
Price to Public:
|
99.690% plus accrued interest from August 8, 2012
|
Settlement Date:
|
August 8, 2012 (T+7)
|
CUSIP/ISIN:
|
878742 AX3 / US878742AX37
|
Underwriting Fee:
|
0.60%
|
Ratings:
|
See “Ratings of the Notes” below.
|
Joint Book-Running Managers:
|
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
Goldman, Sachs & Co.
Morgan Stanley & Co. LLC
RBC Capital Markets, LLC
|
Co-Managers:
|
CIBC World Markets Corp.
Deutsche Bank Securities Inc.
Mizuho Securities USA Inc.
UBS Securities LLC
Barclays Capital Inc.
BNP Paribas Securities Corp.
HSBC Securities (USA) Inc.
RBS Securities Inc.
Scotia Capital (USA) Inc.
BMO Capital Markets Corp.
|
Issuer:
|
Teck Resources Limited
|
Guarantor:
|
Teck Metals Ltd.
|
Size:
|
$750,000,000
|
Format:
|
SEC-Registered
|
Maturity:
|
February 1, 2023
|
Coupon (Interest Rate):
|
3.750%
|
Yield to Maturity:
|
3.845%
|
Spread to Benchmark Treasury:
|
+235 bps
|
Benchmark Treasury:
|
UST 1.750% due 5/15/22
|
Benchmark Treasury Price and Yield:
|
102-10 / 1.495%
|
Interest Payment Dates:
|
February 1 and August 1
|
First Interest Payment Date:
|
February 1, 2013
|
Optional Redemption:
|
Make-whole call at T+35 bps at any time before November 1, 2022.
Callable at 100% at any time on or after November 1, 2022
|
Change of control:
|
101% of principal plus accrued interest
|
Price to Public:
|
99.188% plus accrued interest from August 8, 2012
|
Settlement Date:
|
August 8, 2012 (T+7)
|
CUSIP/ISIN:
|
878742 AY1 / US878742AY10
|
Underwriting Fee:
|
0.65%
|
Ratings:
|
See “Ratings of the Notes” below.
|
Joint Book-Running Managers:
|
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
Goldman, Sachs & Co.
Morgan Stanley & Co. LLC
RBC Capital Markets, LLC
|
Co-Managers:
|
CIBC World Markets Corp.
Deutsche Bank Securities Inc.
Mizuho Securities USA Inc.
UBS Securities LLC
Barclays Capital Inc.
BNP Paribas Securities Corp.
HSBC Securities (USA) Inc.
RBS Securities Inc.
Scotia Capital (USA) Inc.
BMO Capital Markets Corp.
|
Issuer:
|
Teck Resources Limited
|
Guarantor:
|
Teck Metals Ltd.
|
Size:
|
$500,000,000
|
Format:
|
SEC-Registered
|
Maturity:
|
February 1, 2043
|
Coupon (Interest Rate):
|
5.400%
|
Yield to Maturity:
|
5.413%
|
Spread to Benchmark Treasury:
|
+285 bps
|
Benchmark Treasury:
|
3.125% due 2/15/42
|
Benchmark Treasury Price and Yield:
|
111-19 / 2.563%
|
Interest Payment Dates:
|
February 1 and August 1
|
First Interest Payment Date:
|
February 1, 2013
|
Optional Redemption:
|
Make-whole call at T+45 bps at any time before August 1, 2042.
Callable at 100% at any time on or after August 1, 2042.
|
Change of control:
|
101% of principal plus accrued interest
|
Price to Public:
|
99.808% plus accrued interest from August 8, 2012
|
Settlement Date:
|
August 8, 2012 (T+7)
|
CUSIP/ISIN:
|
878742 AZ8 / US878742AZ84
|
Underwriting Fee:
|
0.875%
|
Ratings:
|
See “Ratings of the Notes” below.
|
Joint Book-Running Managers:
|
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
Goldman, Sachs & Co.
Morgan Stanley & Co. LLC
RBC Capital Markets, LLC
|
Co-Managers:
|
CIBC World Markets Corp.
Deutsche Bank Securities Inc.
Mizuho Securities USA Inc.
UBS Securities LLC
Barclays Capital Inc.
BNP Paribas Securities Corp.
HSBC Securities (USA) Inc.
RBS Securities Inc.
Scotia Capital (USA) Inc.
BMO Capital Markets Corp.
|
Rating Agency
|
Ratings for the Notes
|
Outlook for the Notes
|
||
Moody’s
|
Baa2
|
Stable
|
||
S&P
|
BBB
|
Stable
|