By Sheri Kasprzak
New York, Oct. 11 - Pricoa Global Funding priced $500 million in notes at Treasuries plus 105 basis points, said a source familiar with the offering Thursday.
The 5.4% notes were priced at 99.801and are due Oct. 18, 2009. The notes will settle on Oct. 18, the source noted.
Banc of America Securities, Morgan Stanley and Deutsche Bank are the bookrunners for the offering.
The notes are being sold under Rule 144A.
Pricoa Global Funding is a financing vehicle for Newark, N.J.-based financial services provider Prudential Insurance Co. of America
| Issuer: | Pricoa Global Funding
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Coupon: | 5.4%
|
| Price: | 99.801
|
| Spread: | Treasuries plus 105 bps
|
| Maturity: | Oct. 18, 2009
|
| Trade date: | Oct. 11
|
| Settlement date: | Oct. 18
|
| Bookrunners: | Banc of America Securities, Morgan Stanley and Deutsche Bank
|
| Distribution: | Rule 144A
|
© 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.
