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Ally Financial offering 2 tranches of senior unsecured notes

Ally Financial Inc. is offering two tranches of senior unsecured notes due Oct. 15, 2022, and Oct. 15, 2024.

The principal amount of each tranche was not disclosed. The notes due 2022 will pay interest at 2.400%, while the notes due 2024 will pay interest at 2.600%.

The interest payments will be on a monthly basis, with the first payment scheduled for Nov. 15.

The settle date of the notes is Oct. 31.

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