Tuesday, January 19States Top Leading News (STL.News)

Tag: first mortgage bonds

Ameren Illinois – Pricing of First Mortgage Bonds Offering due 2030
Business

Ameren Illinois – Pricing of First Mortgage Bonds Offering due 2030

ST. LOUIS, MO (STL.News) Ameren Illinois Company, a subsidiary of Ameren Corporation (NYSE: AEE), announced today the pricing of a public offering of $375 million aggregate principal amount of 1.55% first mortgage bonds due 2030 at 99.577% of their principal amount.  The transaction is expected to close on Nov. 23, 2020, subject to the satisfaction of customary closing conditions. Ameren Illinois intends to use the net proceeds of the offering to repay a portion of its short-term debt. Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc. and Truist Securities, Inc. are acting as joint book-running managers for the offering.  Bancroft Capital, LLC, Blaylock Van, LLC, Cabrera Capital Markets, LLC and Loop Capital Markets LLC are acting as co-managers. The offering is being made ...