By Andrea Heisinger
New York, Nov. 17 - Private Export Funding Corp. sold $300 million of 4.3% 12-year notes on Tuesday to yield Treasuries plus 105 basis points, an informed source said.
The sale was announced on Monday and went overnight.
The notes (Aaa/AA+/) priced at 99.319 to yield 4.373%.
Bank of America Merrill Lynch and Citigroup Global Markets Inc. were the bookrunners.
The company assists with financing U.S. exports through private capital and is based in New York City.
| Issuer: | Private Export Funding Corp.
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | Dec. 15, 2021
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc.
|
| Coupon: | 4.3%
|
| Price: | 99.319
|
| Yield: | 4.373%
|
| Spread: | Treasuries plus 105 bps
|
| Trade date: | Nov. 17
|
| Settlement date: | Nov. 24
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
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