Protective Life talks $300 million five-year FA-backed notes at Treasuries plus 70 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Sept. 13 – Protective Life Global Funding will offer $300 million of funding agreement-backed notes due Sept. 20, 2026 with talk in the 70 basis points area over Treasuries, according to a market source.

BofA Securities Inc., Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the bookrunners.

Protective Life Global Funding is a Charlotte, N.C.-based debt financing vehicle for Protective Life Insurance Co.

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