By Marisa Wong and Cristal Cody
Los Angeles, June 7 – American National Group Inc. priced $500 million of 6.144% senior notes due June 13, 2032 (BBB/BBB) with a spread of 310 basis points to Treasuries, according to a market source.
Initial price talk was in the Treasuries plus 310 bps area.
The notes priced on Monday following fixed-income investor calls held on Wednesday and Thursdsay.
BMO Capital Markets Corp., HSBC Securities (USA) Inc. and RBC Capital Markets LLC are bookrunners for the Rule 144A and Regulation S offering.
The insurance company is based in Galveston, Tex.
| Issuer: | American National Group Inc.
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| Amount: | $500 million
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| Issue: | Senior notes
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| Maturity: | June 13, 2032
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| Bookrunners: | BMO Capital Markets Corp., HSBC Securities (USA) Inc. and RBC Capital Markets LLC
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| Coupon: | 6.144%
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| Spread: | Treasuries plus 310 bps
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| Pricing date: | June 6
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| Ratings: | S&P: BBB
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| Fitch: BBB
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| Distribution: | Rule 144A and Regulation S
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| Initial price talk: | Treasuries plus 310 bps area
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