By Andrea Heisinger
New York, Sept. 12 - Private Export Funding Corp. reopened its offering of 1.375% exempt secured notes due in February of 2017 on Wednesday to add $150 million, a market source said.
The notes (Aaa/AA+/) were priced at 102.128 to yield 0.881% with a spread of Treasuries plus 19 basis points. The deal is non-callable.
U.S. Bancorp Investments Inc. was the bookrunner.
The company assists with financing U.S. exports through private capital and is based in New York City.
| Issuer: | Private Export Funding Corp.
|
| Issue: | Exempt secured notes
|
| Amount: | $150 million, reopened
|
| Maturity: | Feb. 15, 2017
|
| Bookrunner: | U.S. Bancorp Investments Inc.
|
| Coupon: | 1.375%
|
| Price: | 102.128
|
| Yield: | 0.881%
|
| Spread: | Treasuries plus 19 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 12
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
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