Protective Life plans to sell notes due 2025; price talk Treasuries plus 65-70 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Jan. 6 – Protective Life Global Funding will offer notes due Jan. 13, 2025 with talk in the 65 basis points to 70 bps over Treasuries area, according to a market source.

Deutsche Bank Securities Inc., Mizuho Securities USA Inc., PNC Capital Markets LLC 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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