Ameren prices $900 million junior subordinated notes offering due 2057

Ameren priced a USD 900 million public offering of junior subordinated notes due 2057 at 100% of principal.

• Coupon set at 6.45% through March 15, 2032; then resets to five-year Treasury rate + 1.868%, with a 6.45% floor.
• Closing is expected Sept. 18, subject to customary conditions.
• Proceeds are earmarked for general corporate purposes, including repayment of short-term debt.