New Issue: Ameren prices $450 million 2.5% five-year notes to yield Treasuries plus 92 bps

By Rebecca Melvin

New York, Sept. 11 – Ameren Corp. priced $450 million of 2.5% five-year notes (Baa1/BBB) at 99.967 to yield 2.507%, or a spread to Treasuries of 92 basis points, according to an FWP filing with the Securities and Exchange Commission.

Bookrunners are BNP Paribas Securities Corp., BofA Securities Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America Inc.

The St. Louis-based electric and natural gas company plans to use the proceeds to repay a portion of short-term debt, consisting of commercial paper issuances.

As of Sept. 10, Ameren’s outstanding commercial paper totaled $559 million, according to the filing.

Issuer:	Ameren Corp.
Issue:	Senior notes
Amount:	$450 million
Maturity:	Sept. 15, 2024
Bookrunners:	BNP Paribas Securities Corp., BofA Securities Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America Inc.
Co-managers:	Academy Securities Inc., CastleOak Securities LP and Siebert Cisneros Shank & Co. LLC
Coupon:	2.5%
Price:	99.967
Yield:	2.507%
Spread:	Treasuries plus 92 bps
Make-whole call:	Treasuries plus 15 bps prior to Aug. 15, 2024, then callable at par
Trade date:	Sept. 11
Settlement date:	Sept. 16
Ratings:	Moody’s: Baa1
	S&P: BBB
Distribution:	SEC registered

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