By Aleesia Forni
Virginia Beach, May 15 - Principal Life Global Funding II priced $300 million of 1.2% three-year notes to yield Treasuries plus 43 basis points, a market source said.
Pricing was at 99.871 to yield 1.244%.
Barclays and UBS Securities LLC were the bookrunners for the Rule 144A and Regulation S deal.
The financing unit of Principal Insurance Group is based in Des Moines.
Issuer: | Principal Life Global Funding II
|
Issue: | Notes
|
Amount: | $300 million
|
Maturity: | May 19, 2017
|
Bookrunners: | Barclays, UBS Securities LLC
|
Coupon: | 1.2%
|
Price: | 99.871
|
Yield: | 1.244%
|
Call: | Treasuries plus 43 bps
|
Trade date: | May 14
|
Settlement date: | May 19
|
© 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.