By Marisa Wong and Cristal Cody
Los Angeles, March 4 – Equitable Holdings, Inc. subsidiary Equitable Financial Life Global Funding priced $750 million of 1.8% seven-year notes at a spread of Treasuries plus 70 basis points on Wednesday, according to a market source.
The notes priced tighter than guidance in the Treasuries plus 90 bps area.
Credit Agricole CIB, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the bookrunners.
Equitable Holdings is a New York-based insurance holding company.
| Issuer: | Equitable Financial Life Global Funding
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| Amount: | $750 million
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| Securities: | Notes
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| Maturity: | March 8, 2028
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| Bookrunners: | Credit Agricole CIB, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC
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| Coupon: | 1.8%
|
| Spread: | Treasuries plus 70 bps
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| Trade date: | March 3
|
| Initial price talk: | Treasuries plus 90 bps area
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