By Rebecca Melvin and Cristal Cody
Concord, N.H., June 23 – Private Export Funding Corp. priced $350 million of 1.4% seven-year notes with a spread of Treasuries plus 22 basis points on Tuesday, according to a market source.
The notes priced below the tight end of talk in the Treasuries plus the mid- to high-20 bps area.
HSBC Securities (USA) Inc. and KeyBanc Capital Markets Inc. were the bookrunners.
The New York City-based company provides loans to foreign importers and assists small businesses with financing U.S. exports.
| Issuer: | Private Export Funding Corp.
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| Issue: | Notes
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| Amount: | $350 million
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| Maturity: | July 15, 2028
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| Bookrunners: | HSBC Securities (USA) Inc. and KeyBanc Capital Markets Inc.
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| Coupon: | 1.4%
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| Spread: | Treasuries plus 22 bps
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| Trade date: | June 22
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| Price talk: | Treasuries plus mid- to high-20 bps area
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