New Issue: Ameren Illinois sells $250 million 4.3% 30-year notes at 92 bps spread

By Aleesia Forni

Virginia Beach, June 23 – Ameren Illinois Co. sold $250 million of 4.3% 30-year senior secured notes (A2/A/A-) on Monday with a spread of Treasuries plus 92 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.

Pricing was at 99.432 to yield 4.334%.

Proceeds will be used to finance ongoing construction and maintenance programs, to redeem, repurchase, repay or retire outstanding debt and preferred stock and for other general corporate purposes.

Barclays, BNY Mellon Capital Markets LLC, RBS Securities Inc. and RBC Capital Markets LLC were the joint bookrunners.

Ameren Illinois is a subsidiary of St. Louis-based electric and natural gas company Ameren Corp.

Issuer:	Ameren Illinois Co.
Amount:	$250 million
Description:	Senior secured notes
Maturity:	July 1, 2044
Bookrunners:	Barclays, BNY Mellon Capital Markets LLC, RBS Securities Inc., RBC Capital Markets LLC
Co-managers:	Fifth Third Securities, KeyBanc Capital Markets, TD Securities (USA) LLC, Williams Capital Group LP, Ramirez & Co. Inc., U.S. Bancorp Investments Inc.
Coupon:	4.3%
Price:	99.432
Yield:	4.334%
Spread:	Treasuries plus 92 bps
Trade date:	June 23
Settlement date:	June 30
Ratings:	Moody’s: A2
	Standard & Poor's: A
	Fitch: A-
Make-whole call:	Treasuries plus 10 bps prior to Jan. 1, 2044, then callable at par
Price talk:	Treasuries plus 95 bps area, tightened from Treasuries plus high 90 bps area

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