E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers P > Headlines for Protective Life Corp. > News item
Published on 8/10/2017 in the Prospect News Investment Grade Daily.

New Issue: Protective Life issues $500 million 5.35% debentures due 2052

By Devika Patel

Knoxville, Tenn., Aug. 10 – Protective Life Corp. sold $500 million 5.35% subordinated debentures due Aug. 10, 2052, according to an 8-K filing with the Securities and Exchange Commission.

The company may redeem the debentures after Aug. 10, 2022 at par.

Protective Life is a financial and insurance products provider based in Birmingham, Ala.

Issuer:Protective Life Corp.
Issue:Subordinated debentures
Amount:$500 million
Maturity:Aug. 10, 2052
Coupon:5.35%
Call:At par after Aug. 10, 2022
Settlement date:Aug. 10
Distribution:Rule 144A and Regulation S

© 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.