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Published on 8/26/2022 in the Prospect News Investment Grade Daily.

New Issue: Pricoa sells $350 million 4.2% three-year notes

By Cristal Cody

Chicago, Aug. 26 – Pricoa Global Funding I priced $350 million of 4.2% three-year notes on Wednesday, according to a market source.

The notes priced with an 83 basis points spread over Treasuries.

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:$350 million
Issue:Notes
Tenor:Three years
Coupon:4.2%
Spread:Treasuries plus 83 bps
Trade date:Aug. 26

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