By Marisa Wong and Cristal Cody
Los Angeles, Nov. 17 – RGA Global Funding priced an upsized $400 million of 6% funding agreement-backed notes due Nov. 21, 2028 at a spread of 160 basis points over Treasuries on Thursday, according to a market source.
The company initially planned to price $300 million of the FA-backed notes with initial price talk in the Treasuries plus 175 bps area.
BofA Securities Inc., Credit Agricole CIB, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the bookrunners for the Rule 144A and Regulation S offering.
Reinsurance Group of America, Inc., the reinsurance company, has headquarters in Chesterfield, Mo.
| Issuer: | RGA Global Funding
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| Amount: | $400 million
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| Issue: | FA-backed notes
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| Maturity: | Nov. 21, 2028
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| Bookrunners: | BofA Securities Inc., Credit Agricole CIB, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC
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| Coupon: | 6%
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| Spread: | Treasuries plus 160 bps
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| Pricing date: | Nov. 16
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 175 bps area
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