By Laura Lutz
Des Moines, Jan. 14 - Protective Life Secured Trust 2008-A priced a $100 million issue of secured medium-term notes (Aa3/AA) due Jan. 15, 2009 on Friday at par to yield one-month Libor plus 40 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-A
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Issue: | Secured medium-term notes
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Amount: | $100 million
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Maturity: | Jan. 15, 2009
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Underwriter: | Banc of America Securities LLC
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Coupon: | One-month Libor plus 40 bps
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Price: | Par
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Yield: | One-month Libor plus 40 bps
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Call: | Non-callable
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Trade date: | Jan. 11
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Settlement date: | Jan. 18
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Ratings: | Moody's: Aa3
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| Standard & Poor's: AA
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