By Andrea Heisinger
New York, June 3 - Ameriprise Financial Inc. priced $300 million 7.3% 10-year senior notes Wednesday to yield Treasuries plus 375 basis points, a market source said.
The notes (A3/A/A-) priced at 99.971 to yield 7.303% with a make-whole call at Treasuries plus 50 bps.
Bookrunners were J.P. Morgan Securities Inc. and UBS Investment Bank.
Proceeds will be used for general corporate purposes, including prefunding of senior notes due 2010.
The financial planning company is based in Minneapolis.
| Issuer: | Ameriprise Financial Inc.
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | June 28, 2019
|
| Bookrunners: | J.P. Morgan Securities Inc., UBS Investment Bank
|
| Coupon: | 7.3%
|
| Price: | 99.971
|
| Yield: | 7.303%
|
| Spread: | Treasuries plus 375 bps
|
| Call: | Make-whole at Treasuries plus 50 bps
|
| Trade date: | June 3
|
| Settlement date: | June 8
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A-
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
