Ally Financial Inc. is offering senior unsecured notes due 2022 and 2024.
The specialty finance company is offering $350,000 of 2.850% series A term notes due Aug. 15, 2022, and $815,000 of 3.00% series A notes due Aug. 15, 2024. The trade date of the notes is Aug. 12, and the settle date is Aug. 15.
Ally Financial is also offering an undisclosed amount of 2.750% notes due Aug. 15, 2022, and 2.900% notes due Aug. 15, 2024. The trade date of the notes is Aug. 19 and the settle is Aug. 22.
All notes are callable at 100% on Aug. 15, 2020, and on a monthly basis thereafter with 30 calendar days notice. Interest on the notes will be paid monthly, with the first payment to be made Sept. 15.
Incapital LLC, Citigroup, RBC Capital Markets, Morgan Stanley, J.P. Morgan are the agents of the offerings.