Ameren Illinois Co. closed the sale of $430 million of 3.80% first mortgage bonds due May 15, 2028, for net proceeds of $426.8 million, according to a Form 8-K filed May 22.
The Ameren Corp. utility plans to use the net proceeds to repay short-term debt.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and SMBC Nikko Securities America Inc. acted as joint book-running managers.
