Principal Life II’s five-year FA-backed notes talked at 70 bps area over Treasuries

By Devika Patel

Knoxville, Tenn., Jan. 5 – Principal Life Global Funding II will offer FA-backed notes due Jan. 12, 2026 with talk in the 70 basis points area over Treasuries, according to a market source.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Principal Life Global Funding II is a debt issuer arm of Principal Financial Group, Inc., a Des Moines-based retirement savings, investment and insurance products company.

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