By Devika Patel and Cristal Cody
Knoxville, Tenn., June 25 – Athene Global Funding priced $500 million of 1.608% five-year funding agreement-backed notes with a spread of Treasuries plus 72 basis points on Thursday, according to a market source.
Initial price talk was in the Treasuries plus 90 bps area.
Barclays, Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Wells Fargo Securities 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
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| Description: | FA-backed notes
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| Amount: | $500 million
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| Maturity: | June 29, 2026
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| Bookrunners: | Barclays, Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Wells Fargo Securities LLC
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| Coupon: | 1.608%
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| Spread: | Treasuries plus 72 bps
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| Trade date: | June 24
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| Guidance: | Treasuries plus 90 bps area
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