By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 5 – Athene Global Funding priced $1.5 billion of notes in three tranches on Monday, according to a market source.
The company sold $250 million of three-year floating-rate notes at Libor plus 73 basis points.
An $750 million tranche of 0.95% three-year notes priced at a spread of Treasuries plus 80 bps. The bonds were talked to print at 100 bps to 105 bps over Treasuries.
Also, $500 million of 1.45% five-year notes came at a Treasuries plus 110 bps spread. The bonds were talked at 130 bps to 135 bps over Treasuries.
BMO Capital Markets Corp., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC were the bookrunners.
Athene Global Funding is a financing arm of Pembroke, Bermuda-based retirement services company Athene Holding Ltd.
| Issuer: | Athene Global Funding
|
| Amount: | $1.5 billion
|
| Description: | Fixed- and floating-rate notes
|
| Bookrunners: | BMO Capital Markets Corp., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
|
| Trade date: | Jan. 4
|
|
|
| Floaters
|
| Amount: | $250 million
|
| Description: | Floating-rate notes
|
| Maturity: | Jan. 8, 2024
|
| Coupon: | Libor plus 73 bps
|
|
|
| Three-year notes
|
| Amount: | $750 million
|
| Description: | Fixed-rate notes
|
| Maturity: | Jan. 8, 2024
|
| Coupon: | 0.95%
|
| Spread: | Treasuries plus 80 bps
|
| Price guidance: | Treasuries plus 100 bps to 105 bps
|
|
|
| Five-year notes
|
| Amount: | $500 million
|
| Description: | Fixed-rate notes
|
| Maturity: | Jan. 8, 2026
|
| Coupon: | 1.45%
|
| Spread: | Treasuries plus 110 bps
|
| Price guidance: | Treasuries plus 130 bps to 135 bps
|
|
|
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