New Issue: Ameren prices $450 million 1.75% seven-year notes at 75 bps spread

By Taylor Fox

New York, Feb. 24 – Ameren Corp. priced $450 million of 1.75% senior notes due March 15, 2028 (Baa1/BBB) at a spread of Treasuries plus 75 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.908 to yield 1.764%.

Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and KeyBanc Capital Markets Inc. were the bookrunners.

Proceeds will be used for general corporate purposes, including repaying short-term debt.

Ameren is a St. Louis-based electric and natural gas company.

Issuer:	Ameren Corp.
Amount:	$450 million
Description:	Senior notes
Maturity:	March 15, 2028
Bookrunners:	Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and KeyBanc Capital Markets Inc.
Co-managers:	Mischler Financial Group, Inc., R. Seelaus & Co., LLC and Samuel A. Ramirez & Co., Inc.
Coupon:	1.75%
Price:	99.908
Yield:	1.764%
Spread:	Treasuries plus 75 bps
Call feature:	Make-whole call before Jan. 15, 2028 at greater of par or Treasuries plus 12.5 bps; thereafter at par
Trade date:	Feb. 24
Settlement date:	March 5
Ratings:	Moody’s: Baa1
	S&P: BBB
Distribution:	SEC registered

© 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.