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Published on 1/31/2014 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Principal Life Insurance calls $100 million 8% notes at 102.3173

By Marisa Wong

Madison, Wis., Jan. 31 - Principal Life Insurance Co. gave notice that it will redeem its $100 million 8% surplus notes due March 1, 2044 in full on March 1.

The notes will be redeemed at 102.3173 plus accrued interest to, but excluding, the redemption date.

U.S. Bank Trust NA is the agent.

The company is based in Des Moines.


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