By Cristal Cody
Tupelo, Miss., Oct. 13 – Athene Global Funding sold an upsized $600 million of 1.2% three-year funding agreement-backed senior secured notes (A/A) on Tuesday at a spread of Treasuries plus 103 basis points, according to an informed source.
Initial price talk was in the Treasuries plus 120 bps area.
The deal was upsized from $300 million.
BofA Securities, Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC were the bookrunners of the Rule 144A and Regulation S offering.
Athene Global Funding is a financing arm of Pembroke, Bermuda-based retirement services company Athene Holding Ltd.
| Issuer: | Athene Global Funding
|
| Amount: | $600 million
|
| Description: | FA-backed senior secured notes
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| Maturity: | Oct. 13, 2023
|
| Bookrunners: | BofA Securities, Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC
|
| Coupon: | 1.2%
|
| Spread: | Treasuries plus 103 bps
|
| Trade date: | Oct. 13
|
| Ratings: | S&P: A
|
| Fitch: A
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 120 bps area
|
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