Principal files $4 billion secured medium-term notes shelf

By Devika Patel

Knoxville, Tenn., Nov. 6 - Principal Life Insurance Co. and Principal Financial Group, Inc. jointly filed a $4 billion shelf registration of secured medium-term notes in an S-3 filing with the Securities and Exchange Commission.

The notes will be secured by funding agreements issued by Principal Life and guarantees issued by Principal Financial.

The companies intend to use the proceeds to purchase investment assets.

Principal is a Des Moines-based provider of retirement savings, investment and insurance products and services.

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