Reported Earlier, Ameren Illinois Prices $400M Of 5.50% First Mortgage Bonds Due 2036 At 99.988% Of Principal Amount
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Why It Matters
Ameren Illinois borrowed $400 million by selling bonds—basically IOUs that pay back in 2036—to pay for things like power lines and equipment. When a big utility borrows money this way, it shows they have plans and banks trust them with lots of cash.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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