Ameren’s $1.3 billion bond move: $400 mln 2036 notes, Missouri unit’s $900 mln mortgage deal
Ameren Corp priced $400 million of 5.00% senior notes due 2036, set to close March 4. Union Electric, its Ameren Missouri unit, offered $900 million in first mortgage bonds due 2036 and 2056, with settlement expected Feb. 27. Both companies plan to use proceeds to refinance short-term debt and support capital spending.