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