By Andrea Heisinger
New York, May 21 - Pricoa Global Funding I priced an upsized $500 million of 1.6% five-year notes (A2/AA-/A+) on Tuesday to yield Treasuries plus 80 basis points, an informed source said.
The size was increased from $350 million.
Pricing was at 99.923 to yield 1.616%.
The sale was done under Rule 144A and Regulation S.
Bookrunners were Barclays, Deutsche Bank Securities Inc. and TD Securities (USA) Inc.
The unit of financial services company Prudential Financial, Inc. is based in Newark, N.J.
| Issuer: | Pricoa Global Funding I
|
| Issue: | Notes
|
| Amount: | $500 million, upsized from $350 million
|
| Maturity: | May 29, 2018
|
| Bookrunners: | Barclays, Deutsche Bank Securities Inc., TD Securities (USA) Inc.
|
| Coupon: | 1.6%
|
| Price: | 99.923
|
| Yield: | 1.616%
|
| Spread: | Treasuries plus 80 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | May 21
|
| Settlement date: | May 29
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: AA-
|
| Fitch: A+
|
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