By Marisa Wong and Cristal Cody
Los Angeles, April 11 – Protective Life Global Funding priced $300 million of 5.209% funding agreement-backed notes due April 14, 2026 on Monday at Treasuries plus 145 basis points, according to a market source.
Initial price talk was in the Treasuries plus 145 bps area.
Citigroup Global Markets Inc., U.S. Bancorp Investments 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.
| Issuer: | Protective Life Global Funding
|
| Amount: | $300 million
|
| Issue: | Funding agreement-backed notes
|
| Maturity: | April 14, 2026
|
| Bookrunners: | Citigroup Global Markets Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC
|
| Coupon: | 5.209%
|
| Spread: | Treasuries plus 145 bps
|
| Pricing date: | April 10
|
| Price talk: | Treasuries plus 145 bps area
|
|
|
© 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.
