By Aleesia Forni
Virginia Beach, Dec. 8 – AIG Global Funding priced an upsized $450 million of 1.65% funding agreement-backed notes (A2/A+/) on Monday at Treasuries plus 62 basis points, according to an informed source.
Pricing was at 99.907 to yield 1.682%.
The bookrunners were Barclays and Credit Suisse Securities (USA) LLC.
The notes were sold via Rule 144A and Regulation S.
AIG Global Funding is a unit of AIG International Group Inc., a New York-based insurance and financial services company.
| Issuer: | AIG Global Funding
|
| Amount: | $450 million
|
| Description: | Funding agreement-backed notes
|
| Maturity: | Dec. 15, 2017
|
| Bookrunners: | Barclays, Credit Suisse Securities (USA) LLC
|
| Coupon: | 1.65%
|
| Price: | 99.907
|
| Yield: | 1.682%
|
| Spread: | Treasuries plus 62 bps
|
| Trade date: | Dec. 8
|
| Settlement date: | Dec. 15
|
| Ratings: | Moody’s: A2
|
| Standard & Poor's: A+
|
| Price talk: | Treasuries plus 65 bps area, tightened from 75 bps area
|
| Distribution: | Rule 144A, Regulation S
|
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