By Marisa Wong and Cristal Cody
Los Angeles, Jan. 27 – Reliance Standard Life Global Funding II priced a non-marketed $450 million offering of 5.243% funding agreement-backed notes due Feb. 2, 2026 on Thursday, according to a market source.
The notes priced with a spread of 135 basis points over Treasuries.
The deal was upsized from $425 million.
Credit Suisse Securities (USA) LLC was the bookrunner for the Rule 144A and Regulation S offering.
The issuer is a financing arm of Philadelphia-based Reliance Standard Life Insurance Co.
| Issuer: | Reliance Standard Life Global Funding II
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| Amount: | $450 million
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| Issue: | Funding agreement-backed notes
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| Maturity: | Feb. 2, 2026
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| Bookrunner: | Credit Suisse Securities (USA) LLC
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| Coupon: | 5.243%
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| Spread: | Treasuries plus 135 bps
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| Pricing date: | Jan. 26
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| Distribution: | Rule 144A and Regulation S
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