By Marisa Wong and Cristal Cody
Los Angeles, June 8 – Liberty Mutual Group Inc. priced $1 billion of 5.5% 30-year notes on June 1, according to a market source.
The notes priced with a spread of Treasuries plus 240 basis points. Initial price talk was in the Treasuries plus 262.5 bps area.
Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC are the bookrunners.
The insurance company is based in Boston.
| Issuer: | Liberty Mutual Group Inc.
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| Amount: | $1 billion
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| Issue: | Notes
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| Maturity: | June 15, 2052
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| Bookrunners: | Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC
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| Coupon: | 5.5%
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| Spread: | Treasuries plus 240 bps
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| Pricing date: | June 1
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| Initial price talk: | Treasuries plus 262.5 bps area
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