By Andrea Heisinger
New York, Sept. 26 - Private Export Funding Corp. sold $300 million of 2.8% notes due 2022 on Monday to yield Treasuries plus 93 basis points, an informed source said.
The deal size was increased from the initial announcement of $250 million.
The notes (Aaa/AA+/) were priced at 99.687 to yield 2.834%. They are non-callable.
Bookrunners were Bank of America Merrill Lynch and RBS Securities Inc.
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, increased from $250 million
|
| Maturity: | May 15, 2022
|
| Bookrunners: | Bank of America Merrill Lynch, RBS Securities Inc.
|
| Coupon: | 2.8%
|
| Price: | 99.687
|
| Yield: | 2.834%
|
| Spread: | Treasuries plus 93 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 26
|
| Settlement date: | Sept. 29
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
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