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Principal Financial plans to price additional 2.125% notes due 2030
Chicago, Aug. 3 – Principal Financial Group, Inc. plans to sell an additional $100 million 2.125% senior notes due June 15, 2030, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Principal Financial Services, Inc.
The notes will be identical in terms and fungible with the $500 million of notes which were issued on June 12. The original notes were priced at a 135 basis points spread over Treasuries.
Credit Suisse Securities (USA) LLC is the bookrunner of the add-on.
Proceeds will be used for general corporate purposes.
The investment management company is based in Des Moines.
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