By Cristal Cody
Tupelo, Miss., Nov. 9 – Ameren Illinois Co. priced $375 million of 1.55% first mortgage bonds due 2030 (A1/A) at a spread of Treasuries plus 65 basis points on Monday, according to an FWP filing with the Securities and Exchange Commission.
The bonds priced at 99.577 to yield 1.596%.
Mizuho Securities USA Inc., SMBC Nikko Securities America Inc. and Truist Securities Inc. were the bookrunners.
Proceeds will be used to repay short-term debt.
Ameren Illinois is a subsidiary of St. Louis-based electric and natural gas company Ameren Corp.
| Issuer: | Ameren Illinois Co.
|
| Amount: | $375 million
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| Description: | First mortgage bonds
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| Maturity: | Nov. 15, 2030
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| Bookrunners: | Mizuho Securities USA Inc., SMBC Nikko Securities America Inc. and Truist Securities Inc.
|
| Co-managers: | Bancroft Capital, Blaylock Robert Van, LLC, Cabrera Capital Markets LLC and Loop Capital Markets LLC
|
| Coupon: | 1.55%
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| Price: | 99.577
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| Yield: | 1.596%
|
| Spread: | Treasuries plus 65 bps
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| Call feature: | Make-whole call before Aug. 15, 2030 at greater of par or Treasuries plus 10 bps; thereafter at par
|
| Trade date: | Nov. 9
|
| Settlement date: | Nov. 23
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Distribution: | SEC registered
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