Pricoa Global Funding talks three-year notes in 50 bps spread area

By Cristal Cody

Chicago, Dec. 1 – Pricoa Global Funding I is preparing a $300 million offering of notes due Dec. 6, 2024, a market source told Prospect News.

The deal is being talked with a spread in the Treasuries plus 50 basis points area.

Barclays, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are bookrunners.

Pricoa Global Funding I is a financing arm of Newark, N.J.-based Prudential Insurance Co. of America, Inc.

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