New Issue - Monumental Life unit sells $500 mln notes

Fri Apr 18, 2008 11:20pm BST
[-] Text [+]
 April 18 (Reuters) - Monumental Global Funding III, a unit
of Aegon NV's (AEGN.AS: Quote, Profile, Research) (AEG.N: Quote, Profile, Research) Monumental Life Insurance
Company, on Friday sold $300 million of five-year senior notes
in the 144a private placement market, market sources said.
 The size of the deal was increased from the originally
planned $300 million.
 JP Morgan and Lehman Brothers were the joint bookrunning
managers for the sale.
BORROWER: MONUMENTAL GLOBAL FUNDING III*
AMT $500 MLN      COUPON 5.50 PCT      MATURITY 4/22/2013 
TYPE SR NTS       ISS PRICE 99.957     FIRST PAY 10/22/2008
MOODY'S Aa3       YIELD 5.51 PCT       SETTLEMENT 4/22/2008
S&P DOUBLE-A      SPREAD 250 BPS       PAY FREQ SEMI-ANNUAL
FITCH AA-PLUS       MORE THAN TREAS    NON-CALLABLE       
* BACKED BY FUNDING AGREEMENT

 
 
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