By Cristal Cody
Chicago, Sept. 18 – Corebridge Global Funding priced $500 million of 5.9% funding agreement-backed notes due 2028, a market source noted.
The deal priced on Sept. 14 with a spread of 150 basis points to Treasuries. Price talk was 20 bps higher, in the 170 bps area.
J.P. Morgan Securities LLC and U.S. Bancorp Investments 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: | FA-backed notes
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| Maturity: | Sept. 19, 2028
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| Bookrunners: | J.P. Morgan Securities LLC and U.S. Bancorp Investments Inc.
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| Coupon: | 5.9%
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| Spread: | Treasuries plus 150 bps
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| Trade date: | Sept. 14
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| Price talk: | Treasuries plus 170 bps area
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