By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Dec. 8 – Athene Holding Ltd. sold an upsized $500 million offering of 3.45% notes due May 15, 2052 (A-/BBB) at 99.983 to yield 3.451% on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced with a spread of Treasuries plus 157 basis points, low to talk in the Treasuries plus 180 bps area reported by a market source.
The offering was announced with a $400 million size.
BofA Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used for general corporate purposes.
Athene is a Pembroke, Bermuda-based retirement services company.
| Issuer: | Athene Holding Ltd.
|
| Amount: | $500 million
|
| Issue: | Notes
|
| Maturity: | May 15, 2052
|
| Bookrunners: | BofA Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC
|
| Co-managers: | Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., RBC Capital Markets, LLC, R. Seelaus & Co., LLC and Samuel A. Ramirez & Co., Inc.
|
| Coupon: | 3.45%
|
| Price: | 99.983
|
| Yield: | 3.451%
|
| Spread: | Treasuries plus 157 bps
|
| Call: | Make-whole call at Treasuries plus 25 bps until Nov. 15, 2051, then a par call
|
| Trade date: | Dec. 8
|
| Settlement date: | Dec. 13
|
| Ratings: | S&P: A-
|
| Fitch: BBB
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 180 bps area
|
| Cusip: | 04686JAE1
|
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