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PRINCIPAL FINANCIAL GROUP USD 10.0YR FIG A- FIXED RATE SYNDICATED BROWNIE BOND MARKET PLACEMENT (US74251VAT98)

Post Date: 07 March 2023
Principal Financial Group has priced a syndicated USD denominated Brownie market bond which matures in 2033. 

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Issuer Details
Issuer Principal Financial Group, Inc.
LEI CUMYEZJOAF02RYZ1JJ85
Industry AM - General Asset Management
Country United States
Issuer Description Principal Financial Group, Inc. (PFG) is a provider of retirement savings, investment and insurance products and services. As of December 31, 2011, the Company had approximately 18 million customers. PFG’s United States and international operations concentrate primarily on asset accumulation and asset management. PFG offers a range of individual and group life insurance, individual and group disability insurance, and group dental and vision insurance. It focuses on small and medium-sized businesses providing an array of retirement and employee benefit solutions. The Company operates in four segments: retirement and investor services, principal global investors, principal international, and United States insurance solutions. PFG’s corporate segment consists of the assets and activities that have not been allocated to any other segment. As of December 31, 2011, it owned 26 properties in Des Moines, Iowa, and in various other locations. In February 2013, it acquired AFP Cuprum S.A.
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Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
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Maturity Date [Login to see full details]

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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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