Union Electric (Ameren Missouri) offers mortgage bonds due 2053

By Marisa Wong

Los Angeles, Feb. 27 – Union Electric Co., doing business as Ameren Missouri, plans to price first mortgage bonds due 2053, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will be callable at a make-whole price up until six months prior to maturity, and then they will be callable at par.

BofA Securities, Inc., KeyBanc Capital Markets Inc., RBC Capital Markets, LLC, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. are the joint lead bookrunners. Fifth Third Securities Inc. is also a bookrunner.

Bank of New York Mellon is the trustee.

Counsel for the issuer is provided by Morgan, Lewis & Bockius LLP and by in-house counsel. In-house counsel will be in charge of matters pertaining to Missouri Law. Morgan, Lewis & Bockius will handle matters of New York law. Counsel for the underwriters is Pillsbury Winthrop Shaw Pittman LLP.

Proceeds will be used to fund capital expenditures or refinance short-term debt.

A St. Louis-based subsidiary of Ameren Corp., Ameren Missouri operates a rate-regulated electric generation, transmission and distribution business and a rate-regulated natural gas distribution business in Missouri.

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