By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 8 – Equitable Holdings, Inc. subsidiary Equitable Financial Global Funding (A2/A+) priced $450 million of 1% five-year notes at a spread of Treasuries plus 60 basis points on Wednesday, according to a source.
The notes priced tighter than guidance in the Treasuries plus 70 bps to 75 bps area.
Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the bookrunners.
Equitable Holdings is a New York-based insurance holding company.
| Issuer: | Equitable Financial Global Funding
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| Amount: | $450 million
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| Securities: | Notes
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| Maturity: | Jan. 9, 2026
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| Bookrunners: | Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC
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| Coupon: | 1%
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| Spread: | Treasuries plus 60 bps
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| Trade date: | Jan. 6
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| Ratings: | Moody’s: A2
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| S&P: A+
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| Price guidance: | Treasuries plus 70 bps to 75 bps area
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