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New Issue-Protective Life sells $100 mln notes

Wed Oct 7, 2009 4:55pm EDT

Stocks

    
 Oct 7 (Reuters) - Protective Life Corp (PL.N) on Wednesday
sold $100 million of $20 par senior notes, said IFR, a Thomson
Reuters service.
 Bank of America and Wells Fargo were the joint bookrunning
managers for the sale.
BORROWER: PROTECTIVE LIFE CORP
AMT $100 MLN      COUPON 8.00 PCT     MATURITY 10/15/2024
TYPE SNR NOTES    ISS PRICE $20 PAR   FIRST PAY 1/15/2010
MOODY'S Baa2      YIELD 8.00 PCT      SETTLEMENT 10/9/2009
S&P A-MINUS       SPREAD N/A          PAY FREQ QUARTERLY 
FITCH N/A                             NON-CALLABLE 5 YEARS



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