New Issue: Massachusetts Mutual prices $750 million 2.75% seven-year notes at 75 bps spread

By Cristal Cody

Tupelo, Miss., June 19 – Massachusetts Mutual Global Funding II priced $750 million of 2.75% seven-year notes (Aa2/AA+/AA) on Monday at a spread of 75 basis points over Treasuries, according to a market source.

BofA Merrill Lynch, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC were the bookrunners.

Massachusetts Mutual Global Funding II is a subsidiary of Springfield, Mass.-based Massachusetts Mutual Life Insurance Co.

Issuer:	Massachusetts Mutual Global Funding II
Amount:	$750 million
Description:	Notes
Maturity:	June 22, 2024
Bookrunners:	BofA Merrill Lynch, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC
Coupon:	2.75%
Spread:	Treasuries plus 75 bps
Trade date:	June 19
Ratings:	Moody’s: Aa2
	S&P: AA+
	Fitch: AA

© 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.