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Prospect News home > News index > List of issuers P > Headlines for Pacific Life Insurance Co. > News item
Published on 10/13/2017 in the Prospect News Investment Grade Daily.

Pacific Life Insurance offers 50-year fixed-to-floating surplus notes

By Cristal Cody

Tupelo, Miss., Oct. 13 – Pacific Life Insurance Co. (A3/A/A) plans to price a Rule 144A and Regulation S offering of 50-year fixed-to-floating rate surplus notes, according to a market source on Friday.

The company is set to hold fixed income investor calls on Monday.

Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC are the arrangers.

The securities are non-callable for 30 years.

Pacific Life Insurance is a Newport Beach, Calif.-based insurance company.


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