By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Jan. 5 – Athene Global Funding priced $1.6 billion of notes in three tranches on Tuesday, according to a market source.
A $300 million floating-rate tranche due Jan. 7, 2025 priced at SOFR plus 71.5 basis points.
Athene also sold $850 million of 1.716% three-year notes at Treasuries plus 70 bps versus talk in the Treasuries plus 90 bps area.
The company sold $450 million of 2.717% seven-year notes at Treasures plus 115 bps, compared to talk in the Treasuries plus 135 bps area.
Deutsche Bank, Citi, Credit Suisse and RBC are the bookrunners.
Athene Global Funding is a financing arm of Pembroke, Bermuda-based retirement services company Athene Holding Ltd.
| Issuer: | Athene Global Funding
|
| Amount: | $1.6 billion
|
| Issue: | Fixed- and floating-rate notes
|
| Bookrunners: | Deutsche Bank, Citi, Credit Suisse and RBC
|
| Pricing date: | Jan. 4
|
|
|
| Floaters
|
| Amount: | $300 million
|
| Maturity: | Jan. 7, 2025
|
| Coupon: | SOFR plus 71.5 bps
|
|
|
| 2025 notes
|
| Amount: | $850 million
|
| Maturity: | Jan. 7, 2025
|
| Coupon: | 1.716%
|
| Spread: | Treasuries plus 70 bps
|
| Talk: | Treasuries plus 90 bps area
|
|
|
| 2029 notes
|
| Amount: | $450 million
|
| Maturity: | Jan. 7, 2029
|
| Coupon: | 2.717%
|
| Spread: | Treasuries plus 115 bps
|
| Talk: | Treasuries plus 135 bps area
|
|
|
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