By Laura Lutz
Des Moines, Sept. 14 - Protective Life Secured Trust 2007-C priced a $100 million issue of registered medium-term notes (Aa3/AA) due Sept. 17, 2010 on Thursday at par to yield Libor plus 45 basis points, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are non-callable.
The underwriter was Banc of America Securities LLC.
Settlement is expected on Tuesday.
| Issuer: | Protective Life Secured Trust 2007-C
|
| Issue: | Registered medium-term notes
|
| Amount: | $100 million
|
| Maturity: | Sept. 17, 2010
|
| Underwriter: | Banc of America Securities LLC
|
| Coupon: | Libor plus 45 bps
|
| Price: | Par
|
| Yield: | Libor plus 45 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 13
|
| Settlement date: | Sept. 18
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
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