Ameren Missouri on Oct. 1 sold $330 million of 3.25% first mortgage bonds due Oct. 1, 2049.
The Ameren Corp. subsidiary plans to use the approximately $326 million in net proceeds, before expenses, to repay at maturity $244.3 million of its 5.10% senior secured notes due Oct. 1 and to repay a portion of its short-term debt. On Sept. 20, the utility's short-term debt consisted of commercial paper, which was outstanding in the amount of approximately $146 million.
J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and KeyBanc Capital Markets Inc. served as joint book-running managers. C.L. King & Associates Inc., Drexel Hamilton LLC and Samuel A. Ramirez & Co. Inc. acted as co-managers.
Ameren Missouri is legally known as Union Electric Co.
