By Cristal Cody
Chicago, Sept. 16 – F&G Global Funding sold $1.15 billion of notes in two tranches on Wednesday, based on information provided by a market source.
The company sold $750 million of 0.9% three-year notes with a spread of 47 basis points over Treasuries. Talk on the series had the notes expected with a spread in the 70 bps area.
F&G also sold $400 million of 2% seven-year notes with a spread of Treasuries plus 95 bps. The notes priced lower than talk in the Treasuries plus 112.5 bps area.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the lead managers.
The special purpose statutory trust is domiciled in Wilmington, Del.
| Issuer: | F&G Global Funding
|
| Issue: | Notes
|
| Amount: | $1.15 billion
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC
|
| Trade date: | Sept. 15
|
|
|
| Three-year notes
|
| Amount: | $750 million
|
| Maturity: | Sept. 20, 2024
|
| Coupon: | 0.9%
|
| Spread: | Treasuries plus 47 bps
|
| Price talk: | Treasuries plus 70 bps area
|
|
|
| Seven-year notes
|
| Amount: | $400 million
|
| Maturity: | Sept. 20, 2028
|
| Coupon: | 2%
|
| Spread: | Treasuries plus 95 bps
|
| Price talk: | Treasuries plus 112.5 bps area
|
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