AGL Capital Corp., a wholly owned financing subsidiary of AGL Resources Inc. (GAS), on Tuesday announced a registered public offering of an aggregate principal amount of $500 million of senior notes due 2043 at an interest rate of 4.40%.
The offering is expected to close on May 16.
The company estimates that the net proceeds from the offering will be about $493 million. AGL Resources plans to use net proceeds from the sale for general corporate purposes, including the repayment of short-term indebtedness incurred under its commercial paper program.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.