Ameren plans $450 billion bonds; Hotel Property prices A$230 million

By Devika Patel

Knoxville, Tenn., June 26 – The week opened with two private placements announced: St. Louis-based electric and natural gas company Ameren Transmission Co. of Illinois reported that it priced a $450 million private placement of 33-year 3.43% senior unsecured notes on June 22 and Southbank, Australia-based freehold pub owner and lessor Hotel Property Investments Ltd. priced A$230 million in three tranches, A$100 million of fixed-rate notes due 2025, A$100 million of floating-rate notes due 2027 and A$30 million of fixed-rate notes due 2027.

Ameren Transmission

The Ameren notes have a make-whole call.

The company issued $150 million of notes at pricing, with the remainder to be issued Aug. 31.

Proceeds will be used to repay existing short-term and long-term affiliate debt.

Hotel Property Investments

Hotel Property’s issue has a weighted average tenor of 9.1 years from pricing date, at a weighted average cost of 4.52%.

Proceeds will be used to reduce existing bank debt.

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