FBL Financial Plans $100M Debt Offering

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FBL Financial Plans $100M Debt Offering
source: admin 2007-3-10 00:48:56

WEST DE MOINES, Iowa (AP) -- Insurance holding company FBL Financial Group Inc. said Wednesday it plans to raise $100 million in proceeds through a private placement of debt.

FBL Financial said in a prepared statement that it would offer senior notes due 2017 to institutional investors.

The company said proceeds would be used by a subsidiary, EquiTrust Life Insurance Co. and for corporate purposes.

Shares of FBL were down 48 cents to $38.13 in afternoon trading on the New York Stock Exchange.

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