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Published on 11/12/2014 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Ally Financial talks five-year notes at 4% area; pricing Wednesday

By Aleesia Forni

Virginia Beach, Nov. 12 – Ally Financial Inc. set price talk for a planned benchmark five-year offering of senior notes (B1/BB/) on Wednesday in the 4% area, according to a market source.

Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC are the bookrunners.

The Detroit-based auto financing company plans to use proceeds for general corporate purposes.


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