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
 
Published on 12/20/2007 in the Prospect News Investment Grade Daily.

New Issue: Prudential Financial prices $142.88 million callable 6.6% Internotes

By Jennifer Chiou

New York, Dec. 20 - Prudential Financial, Inc. priced $142.88 million of 6.6% callable Internotes due Dec. 15, 2037, according to a 424B3 filing with the Securities and Exchange Commission.

The notes are callable on interest payment dates starting Jan. 15, 2012. There is a survivor put.

Banc of America Securities LLC and Incapital LLC are joint lead managers and lead agents. Other agents include A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup, Edward D. Jones & Co., LP, Fidelity Capital Markets Services, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Securities LLC and Wachovia Securities, LLC.

The company is a Newark, N.J.-based insurance and investment company.

Issuer:Prudential Financial, Inc.
Issue:Callable Internotes
Amount:$142,875,000
Maturity:Dec. 15, 2037
Coupon:6.6%
Price:Par
Call:Interest payment dates from Jan. 15, 2012 onwards at par
Pricing date:Dec. 17
Settlement date:Dec. 20
Placement agent:Banc of America Securities LLC, Incapital LLC (leads)
Ratings:Moody's: A3
S&P: A+
Fees:3.5%

© 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.