New Issue: Bermuda sells $750 million 4.854% notes due 2024 at 225 bps spread

By Christine Van Dusen

Atlanta, July 30 - Bermuda sold $750 million 4.854% notes due February 2024 at a spread of Treasuries plus 225 basis points, a market source said.

The notes priced tighter than talk, set at Treasuries plus 237.5 bps to 250 bps.

Barclays and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Bermuda
Amount:	$750 million
Maturity:	February 2024
Description:	Notes
Bookrunners:	Barclays, JPMorgan
Coupon:	4.854%
Spread:	Treasuries plus 225 bps
Trade date:	July 30
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 237.5 bps to 250 bps

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