By Laura Lutz
Des Moines, Jan. 14 - Protective Life Secured Trust 2008-B priced a $100 million issue of secured medium-term notes (Aa3/AA) due Jan. 15, 2010 on Friday at par to yield one-month Libor plus 50 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are non-callable.
The underwriter is Banc of America Securities LLC.
Settlement is expected on Jan. 18.
Issuer: | Protective Life Secured Trust 2008-B
|
Issue: | Secured medium-term notes
|
Amount: | $100 million
|
Maturity: | Jan. 15, 2010
|
Underwriter: | Banc of America Securities LLC
|
Coupon: | One-month Libor plus 50 bps
|
Price: | Par
|
Yield: | One-month Libor plus 50 bps
|
Call: | Non-callable
|
Trade date: | Jan. 11
|
Settlement date: | Jan. 18
|
Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.