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Brighthouse talks $300 million FA-backed notes due 2023 at Treasuries plus 70 bps area
By Rebecca Melvin and Cristal Cody
Concord, N.H., Dec. 8 – Brighthouse Financial Inc. plans to price a $300 million offering of funding-agreement backed notes due in 2023, according to a market source.
The notes were being talked to yield in the area of Treasuries plus 70 basis points.
Barclays, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and U.S Bancorp Investments Inc. are the bookrunners for the deal.
Brighthouse is a Charlotte, N.C.-based insurance provider.
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