By Aleesia Forni
Virginia Beach, May 15 - Principal Life Global Funding II priced $300 million of 1.2% three-year notes to yield Treasuries plus 43 basis points, a market source said.
Pricing was at 99.871 to yield 1.244%.
Barclays and UBS Securities LLC were the bookrunners for the Rule 144A and Regulation S deal.
The financing unit of Principal Insurance Group is based in Des Moines.
| Issuer: | Principal Life Global Funding II
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | May 19, 2017
|
| Bookrunners: | Barclays, UBS Securities LLC
|
| Coupon: | 1.2%
|
| Price: | 99.871
|
| Yield: | 1.244%
|
| Call: | Treasuries plus 43 bps
|
| Trade date: | May 14
|
| Settlement date: | May 19
|
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