By Andrea Heisinger
New York, June 23 - Private Export Funding Corp. reopened its issue of 4.3% notes due Dec. 15, 2021 on Wednesday to add $100 million, a source away from the deal said.
Total issuance is $400 million, including $300 million priced on Nov. 17, 2009 at Treasuries plus 105 basis points.
The reopened notes (Aaa/AA+/) priced at 102.162 to yield 4.062% with a spread of Treasuries plus 95 bps.
Bank of America Merrill Lynch was the bookrunner.
The joint effort between the U.S. Treasury and the Export-Import Bank of the United States facilitates funding of un-subsidized exports. It is based in New York City.
| Issuer: | Private Export Funding Corp.
|
| Issue: | Notes, reopened
|
| Amount: | $100 million
|
| Maturity: | Dec. 15, 2021
|
| Bookrunner: | Bank of America Merrill Lynch
|
| Coupon: | 4.3%
|
| Price: | 102.162
|
| Yield: | 4.062%
|
| Spread: | Treasuries plus 95 bps
|
| Trade date: | June 23
|
| Settlement date: | June 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Total issuance: | $400 million, including $300 million priced on Nov. 17, 2009 at Treasuries plus 105 bps
|
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