AI English summary of an SEC filing — figures as filed
Visa said it announced the offering of 2.250% senior notes due 2028 in the amount of €1,250,000,000, 3.125% notes due 2033 in the amount of €1,000,000,000, 3.500% notes due 2037 in the amount of €650,000,000, and 3.875% notes due 2044 in the amount of €600,000,000, dated April 30, 2025.
Key points
AI summaryVisa said it announced the offering of 2.250% senior notes due 2028 in the amount of €1,250,000,000, 3.125% notes due 2033 in the amount of €1,000,000,000, 3.500% notes due 2037 in the amount of €650,000,000, and 3.875% notes due 2044 in the amount of €600,000,000, dated April 30, 2025.
The company said it issued the notes on April 30, 2025 under the Underwriting Agreement, using Form S-3 automatic shelf registration statement. It said the notes were issued on May 15, 2025 and are unsecured obligations of the company.
Visa said it priced the notes at 2028 notes at 99.462% of principal, 2033 notes at 99.993%, 2037 notes at 99.480%, and 2044 notes at 98.801%. It added that interest is payable annually on each May 15 beginning on May 15, 2026.
The company said each note may be redeemed before its par call date at a make-whole call based on the Comparable Government Bond Rate plus 10 basis points for the 2028 notes, 15 basis points for the 2033 and 2037 notes, and 20 basis points for the 2044 notes. It said par call is available at any time after that date.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Visa prices 4 tranches of euro senior notes
Visa said it announced the offering of 2.250% senior notes due 2028 in the amount of €1,250,000,000, 3.125% notes due 2033 in the amount of €1,000,000,000, 3.500% notes due 2037 in the amount of €650,000,000, and 3.875% notes due 2044 in the amount of €600,000,000, dated April 30, 2025.
Source · Based on the filing body and exhibits
Underwriting agreement, basis for issuance and issue date
The company said it issued the notes on April 30, 2025 under the Underwriting Agreement, using Form S-3 automatic shelf registration statement. It said the notes were issued on May 15, 2025 and are unsecured obligations of the company.
Source · Based on the filing body and exhibits
Offering price and 1 annual interest payments
Visa said it priced the notes at 2028 notes at 99.462% of principal, 2033 notes at 99.993%, 2037 notes at 99.480%, and 2044 notes at 98.801%. It added that interest is payable annually on each May 15 beginning on May 15, 2026.
Source · Based on the filing body and exhibits
Redemption terms: make-whole and par call
The company said each note may be redeemed before its par call date at a make-whole call based on the Comparable Government Bond Rate plus 10 basis points for the 2028 notes, 15 basis points for the 2033 and 2037 notes, and 20 basis points for the 2044 notes. It said par call is available at any time after that date.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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