| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 400.000 | 10 | Mar-33 | Sr. Unsecured | Baa1 | A- | A- | Fixed | Tsy | T+170 a | - | 140 | 5.38% | 5 | 99.89100 |
| USD | 300.000 | 30 | Mar-53 | Sr. Unsecured | Baa1 | A- | A- | Fixed | Tsy | T+195 a | - | 160 | 5.50% | -5 | 99.75100 |
Tranche Comments
10 yr: Book size: 1400; First Pay: 2023-09-15; Redemption: 2032-12-15; Registration: Registered; Comments: US$400m 5.375% cpn 10yr (3/15/33) at 99.891 , yld 5.389% . Spread: T+140bp. MWC T+25bp. Par Call: 3m. PP: No. XD: No. Tax Call: No. LEI: CUMYEZJOAF02RYZ1JJ85;
30 yr: Book size: 1200; First Pay: 2023-09-15; Redemption: 2052-09-15; Registration: Registered; Comments: US$300m 5.50% cpn 30yr (3/15/53) at 99.751 , yld 5.517% . Spread: T+160bp. MWC T+25bp. Par Call: 6m. PP: No. XD: No. Tax Call: No. LEI: CUMYEZJOAF02RYZ1JJ85;
Deal Comments
Active Bookrunners: BAM, CTI(B&D), HSB, JPM. Passive Bookrunners: BNP, RBC, USB, WFS
Guarantor(s)
Principal Financial Services Inc
Use of Proceeds
Redeem notes