By Cristal Cody
Chicago, Sept. 14 – Pacific Life Global Funding II sold $300 million of 1.6% seven-year notes backed by a funding agreement, according to a report from a market source.
The notes priced right on top of talk for a spread in the Treasuries plus 55 basis points area.
Credit Suisse Securities (USA) LLC is the bookrunner.
Pacific Life Global Funding II is part of Newport Beach, Calif.-based insurance company Pacific Life Insurance Co.
| Issuer: | Pacific Life Global Funding II
|
| Issue: | FA-backed notes
|
| Amount: | $300 million
|
| Maturity: | Sept. 21, 2028
|
| Bookrunners: | Credit Suisse Securities (USA) LLC
|
| Coupon: | 1.6%
|
| Spread: | Treasuries plus 55 bps
|
| Trade date: | Sept. 14
|
| Price talk: | Treasuries plus 55 bps area
|
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