{"id":507702,"date":"2021-06-29T09:04:56","date_gmt":"2021-06-29T13:04:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fg-enters-funding-agreement-backed-note-market\/"},"modified":"2021-06-29T09:04:56","modified_gmt":"2021-06-29T13:04:56","slug":"fg-enters-funding-agreement-backed-note-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fg-enters-funding-agreement-backed-note-market\/","title":{"rendered":"F&G Enters Funding Agreement Backed Note Market"},"content":{"rendered":"
\n

First FABN Issuance Marks Company’s Expansion into Institutional Markets<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n DES MOINES, Iowa<\/span>, June 29, 2021<\/span> \/PRNewswire\/ —\u00a0F&G, part of the FNF family of companies and a leading provider of annuities and life insurance, today announced it has entered the funding agreement backed note market with an initial $750 million<\/span> note issued by F&G Global Funding (FGGF), an unaffiliated Delaware<\/span> trust.\u00a0 This agreement marks F&G’s first offering in the institutional market.<\/p>\n

\n

\n
\n \"Fidelity
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“Entry into this market is part of F&G’s growth and diversification strategy, and we look forward to future funding agreement issuances,” said Scott Cochran<\/span>, President of Institutional and New Markets at F&G.\u00a0 “This new business, along with our pension risk transfer business, will leverage our existing spread-based capabilities and our strategic partnership with Blackstone.”\u00a0\u00a0\u00a0\u00a0 <\/p>\n

Proceeds from the FGGF’s purchase of the funding agreement will be managed by the experienced asset management team at Blackstone Insurance Solutions who seek to source and manage appropriate, high-quality assets that are well matched to F&G’s liabilities.\u00a0 <\/p>\n

FGGF’s primary assets will be funding agreements issued by Fidelity & Guaranty Life Insurance Company which is a subsidiary of F&G.\u00a0 The notes from FGGF carry ratings of A- (Stable outlook) from S&P and Fitch which are in line with Fidelity & Guaranty Life Insurance Company’s financial strength ratings.\u00a0\u00a0 <\/p>\n

\n About F&G<\/b>\n <\/p>\n

F&G is part of the FNF family of companies. F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of annuity and life insurance products and is headquartered in Des Moines, Iowa<\/span>. For more information, please visit\u00a0fglife.com<\/a>.<\/p>\n

“F&G” is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States<\/span> outside of New York<\/span>. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA<\/span>.<\/p>\n

\n Media Contact<\/b>\n <\/p>\n

\n Karen Pevenstein<\/span>
\n
\n Karen.Pevenstein@fglife.com<\/a>\u00a0
617.312.3922 <\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/fg-enters-funding-agreement-backed-note-market-301321993.html<\/a><\/p>\n

SOURCE Fidelity & Guaranty Life; Fidelity National Financial, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

First FABN Issuance Marks Company’s Expansion into Institutional Markets PR Newswire DES MOINES, Iowa, June 29, 2021 \/PRNewswire\/ —\u00a0F&G, part of the FNF family of companies and a leading provider of annuities and life insurance, today announced it has entered the funding agreement backed note market with an initial $750 million note issued by F&G Global Funding (FGGF), an unaffiliated Delaware trust.\u00a0 This agreement marks F&G’s first offering in the institutional market. “Entry into this market is part of F&G’s growth and diversification strategy, and we look forward to future funding agreement issuances,” said Scott Cochran, President of Institutional and New Markets at F&G.\u00a0 “This new business, along with our pension risk transfer business, will leverage our existing spread-based capabilities … <\/p>\n

Continue reading “F&G Enters Funding Agreement Backed Note Market”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507702","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nF&G Enters Funding Agreement Backed Note Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fg-enters-funding-agreement-backed-note-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"F&G Enters Funding Agreement Backed Note Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"First FABN Issuance Marks Company’s Expansion into Institutional Markets PR Newswire DES MOINES, Iowa, June 29, 2021 \/PRNewswire\/ —\u00a0F&G, part of the FNF family of companies and a leading provider of annuities and life insurance, today announced it has entered the funding agreement backed note market with an initial $750 million note issued by F&G Global Funding (FGGF), an unaffiliated Delaware trust.\u00a0 This agreement marks F&G’s first offering in the institutional market. “Entry into this market is part of F&G’s growth and diversification strategy, and we look forward to future funding agreement issuances,” said Scott Cochran, President of Institutional and New Markets at F&G.\u00a0 “This new business, along with our pension risk transfer business, will leverage our existing spread-based capabilities … Continue reading "F&G Enters Funding Agreement Backed Note Market"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fg-enters-funding-agreement-backed-note-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-29T13:04:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/468510\/Fidelity_Guaranty_Life_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fg-enters-funding-agreement-backed-note-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fg-enters-funding-agreement-backed-note-market\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"F&G Enters Funding Agreement Backed Note Market\",\"datePublished\":\"2021-06-29T13:04:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fg-enters-funding-agreement-backed-note-market\\\/\"},\"wordCount\":360,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fg-enters-funding-agreement-backed-note-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/468510\\\/Fidelity_Guaranty_Life_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fg-enters-funding-agreement-backed-note-market\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fg-enters-funding-agreement-backed-note-market\\\/\",\"name\":\"F&G Enters Funding Agreement Backed Note Market - 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