By Marisa Wong and Cristal Cody
Los Angeles, Dec. 2 – Pricoa Global Funding I priced $300 million of 1.15% three-year notes on Wednesday with a spread of Treasuries plus 33 basis points, according to a market source.
The deal was talked with a spread in the Treasuries plus 50 bps 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.
| Issuer: | Pricoa Global Funding I
|
| Amount: | $500 million
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| Issue: | Notes
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| Maturity: | Dec. 6, 2024
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| Bookrunners: | Barclays, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC
|
| Coupon: | 1.15%
|
| Spread: | Treasuries plus 33 bps
|
| Trade date: | Dec. 1
|
| Price talk: | Treasuries plus 50 bps area
|
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