By Andrea Heisinger
New York, Dec. 3 - Genworth Financial, Inc. sold an upsized $300 million of seven-year senior unsecured notes (Baa3/BBB/) late on Thursday to yield Treasuries plus 580 basis points, a source away from the sale said.
The size was initially $250 million. Full terms were not available at press time because of the lateness of pricing.
Deutsche Bank Securities Inc., Keefe, Bruyette & Woods and UBS Investment Bank ran the books.
Proceeds will go for general corporate purposes.
The insurance and financial services company is based in Richmond, Va.
| Issuer: | Genworth Financial, Inc.
|
| Issue: | Senior unsecured notes
|
| Amount: | $300 million, increased from $250 million
|
| Maturity: | 2016
|
| Bookrunners: | Deutsche Bank Securities Inc., Keefe, Bruyette & Woods, UBS Investment Bank
|
| Spread: | Treasuries plus 580 bps
|
| Trade date: | Dec. 3
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB
|
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