Ally Financial Inc. priced its offering of 2.650% senior unsecured notes due Sept. 15, 2022, with principal of $1.0 million, and 2.750% senior unsecured notes due Sept. 15, 2024, with principal of $190,000.
Both notes will make interest payments on a monthly basis, with the first payment to be made Oct. 15. Ally can fully redeem both classes of notes starting Sept. 15, 2020, and on a monthly basis thereafter with 30 calendar days of notice.
The trade date of the notes was Sept. 23 and the settle date is Sept. 26.
Incapital LLC, Citigroup, RBC Capital Markets, Morgan Stanley and J.P. Morgan are the agents for the offering.
