New Issue: Athene sells $400 million 6.65% notes due 2033 at 300 bps spread

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Athene Holding Ltd. sold $400 million of 6.65% notes due Feb. 1, 2033 (Baa1/A-/BBB+) at 99.721 to yield 6.69% on Wednesday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced with a spread of 300 basis points over Treasuries.

Morgan Stanley & Co. LLC, BofA Securities, Inc., Goldman Sachs & 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:	$400 million
Issue:	Senior notes
Maturity:	Feb. 1, 2033
Bookrunners:	Morgan Stanley & Co. LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
Co-managers:	Apollo Global Securities, LLC, BNP Paribas Securities Corp., Drexel Hamilton, LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc.
Trustee:	U.S. Bank NA
Counsel to issuer:	Sidley Austin LLP and Conyers Dill & Pearman Ltd.
Counsel to underwriters:	Fried, Frank, Harris, Shriver & Jacobson LLP
Coupon:	6.65%
Price:	99.721
Yield:	6.69%
Spread:	Treasuries plus 300 bps
Call:	Make-whole call at Treasuries plus 45 bps until Nov. 1, 2032, then a par call
Trade date:	Nov. 16
Settlement date:	Nov. 21
Ratings:	Moody’s: Baa1
	S&P: A-
	Fitch: BBB+
Distribution:	SEC registered
Cusip:	04686JAF8

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