By Cristal Cody
Chicago, July 20 – Mutual of Omaha Cos. Global Funding priced an upsized $400 million of 5.8% funding agreement-backed notes with a three-year tenor on Wednesday, according to a market source.
The deal was upsized from $300 million.
The spread priced as 150 basis points over the benchmark Treasury. Initial talk had the deal coming in the 165 bps area.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and PNC Capital Markets LLC were named as bookrunners.
Mutual of Omaha Insurance Co. is a mutual insurance and financial services company.
| Issuer: | Mutual of Omaha Cos. Global Funding
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| Amount: | $400 million
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| Issue: | FA-backed notes
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| Maturity: | July 27, 2026
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| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and PNC Capital Markets LLC
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| Coupon: | 5.8%
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| Spread: | Treasuries plus 150 bps
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| Trade date: | July 19
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| Price talk: | Treasuries plus 165 bps area
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