By Cristal Cody
Tupelo, Miss., May 22 – Athene Global Funding priced $450 million of 2.8% three-year senior secured notes (A/A) on Thursday at a spread of Treasuries plus 260 basis points, according to a market source.
The notes were initially talked to price in the Treasuries plus 275 bps spread area.
Bookrunners were BofA Securities, Inc., Deutsche Bank Securities Inc. and U.S. Bancorp Investments, Inc.
Athene Global Funding is a financing arm of Pembroke, Bermuda-based retirement services company Athene Holding Ltd.
| Issuer: | Athene Global Funding
|
| Amount: | $450 million
|
| Description: | Senior secured notes
|
| Maturity: | May 26, 2023
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| Bookrunners: | BofA Securities, Inc., Deutsche Bank Securities Inc. and U.S. Bancorp Investments, Inc.
|
| Coupon: | 2.8%
|
| Spread: | Treasuries plus 260 bps
|
| Trade date: | May 21
|
| Ratings: | S&P: A
|
| Fitch: A
|
| Price talk: | Treasuries plus 275 bps area
|
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