By Cristal Cody
Chicago, Aug. 11 – Equitable Holdings, Inc. subsidiary Equitable Financial Life Global Funding sold $500 million of 0.8% funding agreement-backed three-year notes, according to a market source.
The notes priced with a spread of Treasuries plus 38 basis points, low to talk which expected them in the Treasuries plus 55 bps to 60 bps area.
Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities LLC are the bookrunners.
Equitable Holdings, formerly known as AXA Equitable Holdings, Inc., is a New York-based insurance holding company.
| Issuer: | Equitable Financial Life Global Funding
|
| Issue: | Funding agreement-backed notes
|
| Amount: | $500 million
|
| Maturity: | Aug. 12, 2024
|
| Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities LLC
|
| Coupon: | 0.8%
|
| Spread: | Treasuries plus 38 bps
|
| Trade date: | Aug. 9
|
| Price talk: | Treasuries plus 55 bps to 60 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
