By Marisa Wong and Cristal Cody
Los Angeles, April 4 – Mutual of Omaha Cos. Global Funding priced an upsized $500 million of 5.35% funding agreement-backed notes due April 9, 2027 at Treasuries plus 85 basis points, according to a market source.
The deal was upsized from $350 million.
Initial price talk was in the Treasuries plus 100 bps area.
BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. are the bookrunners.
The insurance and financial services company is based in Omaha.
| Issuer: | Mutual of Omaha Cos. Global Funding
|
| Amount: | $500 million
|
| Issue: | Funding agreement-backed notes
|
| Maturity: | April 9, 2027
|
| Bookrunners: | BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc.
|
| Coupon: | 5.35%
|
| Spread: | Treasuries plus 85 bps
|
| Initial price talk: | Treasuries plus 100 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
