Published on 5/27/2009 in the Prospect News Investment Grade Daily.
New Issue: Ameriprise Financial sells $200 million 7.75% 30-year notes at par of $25
By Andrea Heisinger
New York, May 27 - Ameriprise Financial, Inc. priced $200 million of 7.75% 30-year senior notes Tuesday at par of $25, an informed source said.
The notes (A3/A/A-) are callable at par on or after June 15, 2014.
Bookrunners were Banc of America Securities LLC, Citigroup Global Markets Inc., UBS Investment Bank and Wachovia Capital Markets LLC.
Proceeds will be used for general corporate purposes.
The financial planning and services company is based in Minneapolis.
Issuer: | Ameriprise Financial, Inc.
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Issue: | Senior notes
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Amount: | $200 million
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Maturity: | June 15, 2039
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Bookrunners: | Banc of America Securities LLC, Citigroup Global Markets Inc., UBS Investment Bank, Wachovia Capital Markets LLC
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Coupon: | 7.75%
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Price: | Par of $25
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Call: | At par on or after June 15, 2014
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Trade date: | May 27
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Settlement date: | June 3
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Ratings: | Moody's: A3
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| Standard & Poor's: A
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| Fitch: A-
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