Jackson National Life Global Funding is a division of Jackson National Life Insurance Company that offers various investment solutions for institutional investors globally, including customized portfolio management and access to a range of investment strategies.
A detailed examination of a specific debt instrument reveals key characteristics concerning its issuer and financial terms. This bond, identified by its ISIN code XS1386405077, has been issued by Jackson National Life Global Funding. Jackson National Life Global Funding serves as a financing vehicle primarily for Jackson National Life Insurance Company, a prominent U.S. provider of retirement savings and income solutions, including annuities and life insurance products. Jackson National Life Insurance Company operates as a subsidiary of Prudential plc, a leading international financial services group based in the United Kingdom, underscoring the issuer's connection to a robust global financial ecosystem. The bond, originating from the United States, is currently trading at 100% of its face value on the market, signifying its price at par. Denominated in Norwegian Krone (NOK), the instrument offers an annual interest rate of 2.72%. Investors can expect the principal repayment on its maturity date, set for March 29, 2028. Interest distributions are structured with a payment frequency of one, indicating annual disbursements to bondholders throughout the bond's term.
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