Principal Life selling $250 million three-year notes Tuesday

By Andrea Heisinger

New York, Dec. 4 - Principal Life Insurance Co. is selling $250 million of three-year notes (Aa3/A-) in Tuesday's market, a market source told Prospect News.

Pricing is being done under Rule 144A and Regulation S.

Bookrunners are Barclays and Deutsche Bank Securities Inc.

The company is based in Des Moines.

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