By William Gullotti
Buffalo, N.Y., May 25 – Northwestern Mutual Global Funding sold $500 million of 1.7% seven-year notes on Monday, according to a market source.
The bonds priced with a spread of Treasuries plus 45 basis points. The notes were talked in the Treasuries plus high 60 bps area.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the bookrunners.
The issuer is a special purpose statutory trust for Northwestern Mutual Life Insurance Co.
| Issuer: | Northwestern Mutual Global Funding
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | June 1, 2028
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC
|
| Coupon: | 1.7%
|
| Spread: | Treasuries plus 45 bps
|
| Pricing date: | May 24
|
| Price guidance: | Treasuries plus high 60 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
