By Cristal Cody
Tupelo, Miss., Feb. 13 – Private Export Funding Corp. (Aaa//AA+) sold $300 million of three-year medium-term notes at a spread of Treasuries plus 38 basis points on Tuesday, according to a market source.
The notes priced on the tight side of talk in the Treasuries plus 40 bps area.
HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC were the lead managers.
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.
|
Amount: | $300 million
|
Description: | Medium-term notes
|
Maturity: | Feb. 16, 2021
|
Bookrunners: | HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC
|
Coupon: | 2.65%
|
Spread: | Treasuries plus 38 bps
|
Trade date: | Feb. 13
|
Ratings: | Moody’s: Aaa
|
| Fitch: AA+
|
Price talk: | Treasuries plus 40 bps area
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.