By Aleesia Forni
Virginia Beach, July 21 – Liberty Mutual Group Inc. priced $750 million of 4.85% 30-year senior bonds (Baa2/BBB/) at Treasuries plus 160 basis points, a market source said.
Pricing was at 99.92 to yield 4.855%.
The notes were sold via Rule 144A and Regulation S.
The bookrunners were BofA Merrill Lynch and Citigroup Global Markets Inc.
Proceeds from the offering will be used to repay debt and for general corporate purposes.
Liberty Mutual is a Boston-based property and casualty insurance company.
| Issuer: | Liberty Mutual Group Inc.
|
| Amount: | $750 million
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| Description: | Senior notes
|
| Maturity: | July 24, 2044
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc.
|
| Coupon: | 4.85%
|
| Price: | 99.92
|
| Yield: | 4.855%
|
| Spread: | Treasuries plus 160 bps
|
| Trade date: | July 21
|
| Settlement date: | July 24
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor's: BBB
|
|
|
| Distribution: | Rule 144A, Regulation S
|
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