By Cristal Cody
Tupelo, Miss., Aug. 18 – Athene Global Funding priced $550 million of 2.45% seven-year funding agreements-backed senior secured notes (A/A) on Tuesday at a Treasuries plus 200 basis points spread, according to a market source.
Initial price talk was in the Treasuries plus 220 bps to 225 bps area.
BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC were the bookrunners.
Athene Global Funding is a financing arm of Pembroke, Bermuda-based retirement services company Athene Holding Ltd.
| Issuer: | Athene Global Funding
|
| Amount: | $550 million
|
| Description: | FA-backed senior secured notes
|
| Maturity: | Aug. 20, 2027
|
| Bookrunners: | BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
|
| Coupon: | 2.45%
|
| Spread: | Treasuries plus 200 bps
|
| Trade date: | Aug. 18
|
| Ratings: | S&P: A
|
| Fitch: A
|
| Price talk: | Treasuries plus 220 bps-225 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.
