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Prospect News home > News index > List of issuers P > Headlines for Principal Financial Services, Inc. > News item
Published on 5/4/2015 in the Prospect News Investment Grade Daily.

Principal Financial plans to sell senior notes due 2025

By Aleesia Forni

Virginia Beach, May 4 – Principal Financial Group, Inc. plans to sell senior notes due 2025, according to a 424B5 filed with the Securities and Exchange Commission.

Bookrunners were BofA Merrill Lynch, Citigroup Global Markets Inc., U.S. Bancorp Investments Inc., Credit Suisse Securities (USA) LLC, RBC Capital Markets LLC and UBS Securities LLC.

Proceeds will be used for to redeem the company’s series A perpetual preferred stock and for general corporate purposes.

The notes are guaranteed by Principal Financial Services, Inc.

The retirement savings, investment and insurance products company is based in Des Moines.


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