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Ally Financial prices senior note offering

Ally Financial Inc. priced its offering of 2.600% senior unsecured notes due Oct. 15, 2022, and 2.750% senior unsecured notes due Oct. 15, 2024.

Both notes will make interest payments on a monthly basis, with the first payment to be made Nov. 15. Ally can fully redeem both classes of notes starting Oct. 15, 2020, and on a monthly basis thereafter with 30 calendar days of notice.

The trade date of the notes is Sept. 30, and the settlement date is Oct. 3.

Incapital LLC, Citigroup, RBC Capital Markets, Morgan Stanley and J.P. Morgan are the agents for the offering.