Reuters logo
New Issue-Principal Life Global Funding II sells $500 mln notes
September 13, 2012 / 9:02 PM / 5 years ago

New Issue-Principal Life Global Funding II sells $500 mln notes

Sept 13 (Reuters) - Principal Life Global Funding II on
Wednesday sold $500 million of Series 3 funding agreement backed
notes in the 144a private placement market, said market sources.
    Deutsche Bank was the sole bookrunning manager for the sale.

BORROWER: PRINCIPAL LIFE GLOBAL FUNDING II

AMT $500 MLN    COUPON 1.125 PCT   MATURITY    09/18/2015
TYPE FA NTS     ISS PRICE 99.991   FIRST PAY   03/18/2013
MOODY'S Aa3     YIELD 1.128 PCT    SETTLEMENT  09/19/2012   
S&P A-PLUS      SPREAD 80 BPS      PAY FREQ    SEMI-ANNUAL
FITCH N/A       MORE THAN TREAS    NON-CALLABLE   N/A

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below