By Laura Lutz
Des Moines, Jan. 14 - Protective Life Secured Trust 2008-C priced a $250 million issue of secured medium-term notes (Aa3/AA) due Jan. 18, 2011 on Friday at par to yield three-month Libor plus 50 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are non-callable.
Banc of America Securities LLC is the underwriter.
Settlement is expected on Jan. 18.
| Issuer: | Protective Life Secured Trust 2008-C
|
| Issue: | Secured medium-term notes
|
| Amount: | $250 million
|
| Maturity: | Jan. 18, 2011
|
| Underwriter: | Banc of America Securities LLC
|
| Coupon: | Libor plus 50 bps
|
| Price: | Par
|
| Yield: | Libor plus 50 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 11
|
| Settlement date: | Jan. 18
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
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