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Ally Financial selling $1.6M in debt

Ally Financial Inc. is selling about $1.6 million in senior unsecured notes, according to a prospectus.

The company is offering $975,000 in principal amount of 3.800% notes due June 15, 2021, and $577,000 in 4.200% notes due June 15, 2023. Both notes pay coupons monthly, with the first payment date July 15.

The notes are callable June 15, 2019, and on a monthly basis after that.

The trade date is May 29, and the settlement date is June 1.