By William Gullotti and Cristal Cody
Buffalo, N.Y., April 27 – Private Export Funding Corp. priced $300 million of 3.9% notes due Oct. 15, 2027 on Wednesday, according to information provided by a market source.
The notes priced with a 43 basis points spread to Treasuries. Initial talk was in the low 50 bps area.
HSBC Securities (USA) Inc., KeyBanc Capital Markets Inc. and SMBC Nikko Securities America Inc. are 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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| Amount: | $300 million
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| Issue: | Notes
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| Maturity: | Oct. 15, 2027
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| Bookrunners: | HSBC Securities (USA) Inc., KeyBanc Capital Markets Inc. and SMBC Nikko Securities America Inc.
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| Coupon: | 3.9%
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| Spread: | Treasuries plus 43 bps
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| Pricing date: | April 26
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| Price talk: | Treasuries plus low 50 bps area
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