By Cristal Cody
Tupelo, Miss., June 26 – Athene Global Funding sold $700 million of notes (/A-/A-) in two parts on Monday, a market source said.
The company priced $350 million of five-year floating-rate notes at Libor plus 123 basis points.
It sold $350 million of 3% five-year fixed-rate notes at a spread of Treasuries plus 130 bps.
Barclays, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. were the bookrunners.
Athene Global Funding is a trust established to price debt secured by funding agreements issued by Athene Annuity & Life Insurance Co. and Athene Annuity and Life Co. The companies are subsidiaries of Pembroke, Bermuda-based Athene Holding Ltd.
| Issuer: | Athene Global Funding
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| Amount: | $700 million
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| Description: | Notes
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| Bookrunners: | Barclays, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc.
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| Trade date: | June 26
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| Ratings: | S&P: A-
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| Fitch: A-
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| Five-year floaters
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| Amount: | $350 million
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| Maturity: | July 1, 2022
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| Coupon: | Libor plus 123 bps
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| Five-year notes
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| Amount: | $350 million
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| Maturity: | July 1, 2022
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| Coupon: | 3%
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| Spread: | Treasuries plus 130 bps
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