Northwestern Mutual offers $400 million seven-year notes; talk high 60 bps area over Treasuries

By Cristal Cody

Chicago, May 24 – Northwestern Mutual Global Funding is in the market on Monday with a $400 million offering of notes due June 1, 2028, according to a market source.

The notes are being talked in the Treasuries plus high 60 basis points area.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are arranging the sale.

The issuer is a special purpose statutory trust for Northwestern Mutual Life Insurance Co.

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