Comerica intends to price fixed-rate notes, floaters in two parts

By Devika Patel

Knoxville, Tenn., July 26 – Comerica Inc. intends to offer dollar-denominated notes in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

The Dallas-based financial services company plans to sell fixed rate notes and floating-rate notes, which will have a coupon based on Libor.

The notes are callable at par after 30 days prior to maturity.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets Corp. are the bookrunners. Comerica Securities is the co-manager.

Proceeds will be used for general corporate purposes.

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