New Issue: Peachtree sells $500 million 3.976% trust securities due 2025 at Treasuries plus 185 bps

By Aleesia Forni

Virginia Beach, March 17 – Peachtree Corners Funding Trust sold $500 million of 3.976% pre-capitalized trust security notes (Baa2/BBB/BBB-) at par with a spread of Treasuries plus 185 basis points, according to a market source and an 8-K filed with the Securities and Exchange Commission.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities In., Goldman Sachs & Co., J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. were the bookrunners for the Rule 144A and Regulation S deal.

Peachtree Corners is a trust that will serve as a source of capital and liquidity for Voya Financial, Inc.

The notes are guaranteed by New York-based Voya Holdings Inc.

Issuer:	Peachtree Corners Funding Trust
Guarantor:	Voya Holdings Inc.
Amount:	$500 million
Description:	Pre-capitalized trust security notes
Maturity:	2025
Bookrunners:	Credit Suisse Securities (USA) LLC, Deutsche Bank Securities In., Goldman Sachs & Co., J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc.
Coupon:	3.976%
Price:	Par
Yield:	3.976%
Spread:	185 bps
Trade date:	March 10
Settlement date:	March 17
Ratings:	Moody’s: Baa2
	Standard & Poor’s: BBB
	Fitch: BBB-
Distribution:	Rule 144A, Regulation S

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