By Devika Patel and Cristal Cody
Knoxville, Tenn., June 29 – F&G Global Funding priced $300 million of 5.15% three-year funding agreement-backed notes with a spread of Treasuries plus 195 basis points on Tuesday, according to a market source.
Initial price talk was in the Treasuries plus 195 bps area.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the bookrunners.
Protective Life Global Funding is a Charlotte, N.C.-based debt financing vehicle for Protective Life Insurance Co.
| Issuer: | F&G Global Funding
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| Amount: | $300 million
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| Issue: | FA-backed notes
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| Maturity: | July 7, 2025
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| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC
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| Coupon: | 5.15%
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| Spread: | Treasuries plus 195 bps
|
| Trade date: | June 28
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| Guidance: | Treasuries plus 195 bps area
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