By Devika Patel and Cristal Cody
Knoxville, Tenn., Aug. 25 – Pricoa Global Funding I priced $700 million of 1.2% five-year FA-backed notes at a spread of Treasuries plus 45 basis points on Tuesday, according to a market source.
The notes tightened 3 bps in the secondary market to a 42 bps bid.
Pricoa Global Funding I is a financing arm of Newark, N.J.-based Prudential Insurance Co. of America.
| Issuer: | Pricoa Global Funding I
|
| Amount: | $700 million
|
| Securities: | FA-backed notes
|
| Maturity: | Five years
|
| Coupon: | 1.2%
|
| Spread: | Treasuries plus 45 bps
|
| Trade date: | Aug. 24
|
|
|
© 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.
