By Cristal Cody
Chicago, March 1 – Equitable Holdings, Inc. subsidiary Equitable Financial Life Global Funding sold $300 million of 5.45% funding agreement-backed notes with a five-year tenor on Tuesday, according to information from a market source.
The notes priced at Treasuries plus 130 basis points. Talk started approximately 15 bps higher, in the 145 bps area.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and PNC Capital Markets LLC are listed as bookrunners.
Equitable Holdings, formerly known as AXA Equitable Holdings, Inc., is a New York-based insurance holding company.
| Issuer: | Equitable Financial Life Global Funding
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| Amount: | $300 million
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| Issue: | FA-backed notes
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| Maturity: | March 3, 2028
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| Bookrunners: | Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and PNC Capital Markets LLC
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| Coupon: | 5.45%
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| Spread: | Treasuries plus 130 bps
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| Trade date: | Feb. 28
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| Price talk: | Treasuries plus 145 bps area
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