By Aleesia Forni
Virginia Beach, Va., Aug. 20 - Pricoa Global Funding I priced $500 million floating-rate notes (A1/AA-/A+) due 2015 at par to yield Libor plus 27 basis points, according to a market source.
The sale was done under Rule 144A and Regulation S.
BofA Merrill Lynch, Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. were the joint bookrunners.
The unit of financial services company Prudential Financial, Inc. is based in Newark, N.J.
| Issuer: | Pricoa Global Funding I
|
| Amount: | $500 million
|
| Maturity: | 2015
|
| Securities: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc.
|
| Coupon: | Libor plus 27 bps
|
| Price: | Par
|
| Yield: | Libor plus 27 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | Aug. 20
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
| Fitch: A+
|
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