Equitable Financial talks $300 million of seven-year FA-backed notes at 110 bps area spread

By Cristal Cody

Tupelo, Miss., Aug. 25 – Equitable Holdings, Inc. subsidiary Equitable Financial Life Global Funding (A2/A+) is offering $300 million of seven-year funding agreement-backed notes on Tuesday, according to a market source.

Initial price talk is in the Treasuries plus 110 basis points area.

Deutsche Bank Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the bookrunners.

Equitable Holdings, formerly known as AXA Equitable Holdings, Inc., is a New York-based insurance holding company.

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