By William Gullotti and Cristal Cody
Buffalo, N.Y., June 29 – Corebridge Global Funding priced $500 million of 5.75% funding agreement-backed notes at a spread of 145 basis points over Treasuries on Wednesday, according to a market source.
Fixed income investor calls were held Tuesday, and initial price talk was in the Treasuries plus 165 bps area.
BofA Securities Inc. and Deutsche Bank Securities Inc. are the bookrunners.
Corebridge Global Funding is a special purpose entity and subsidiary of AIG, formed for the purpose of issuing debt securities to repay credit facilities, to refinance debt and for acquisition purposes.
| Issuer: | Corebridge Global Funding
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| Amount: | $500 million
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| Issue: | Funding agreement-backed notes
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| Maturity: | July 2, 2026
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| Bookrunners: | BofA Securities Inc. and Deutsche Bank Securities Inc.
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| Coupon: | 5.75%
|
| Spread: | Treasuries plus 145 bps
|
| Trade date: | June 28
|
| Initial price talk: | Treasuries plus 165 bps area
|
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