Protective Life Global Funding (PL) 2021-3

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD350.0003Jul-24-A1AA--FixedTsyT+50-55T+35 a320.78%0100.00000
USD350.0007Jul-28-A1AA--FixedTsyT+80-85T+68 a651.90%2100.00000
Tranche Comments
3 yr: Book size: 1000; First Pay: 2021-10-15; Registration: 144A/Reg S; Comments: US$350m 0.781% cpn 3-year(7/5/24) at 100.00, yld 0.781%. Spread: T+32bp; 7 yr: Book size: 650; First Pay: 2021-10-15; Registration: 144A/Reg S; Comments: US$350m 1.90% cpn 7-year(7/6/28) at 100.00, yld 1.90%. Spread: T+65bp;
Deal Comments
FA backed. Total deal was upsized from USD$600m to USD$700m
Use of Proceeds
To purchase one or more Funding Agreements from Protective Life Insurance Co
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