May 18 (Reuters) - Principal Financial Group Inc (PFG.N: Quote, Profile, Research)
on Monday sold $750 million of senior unsecured notes in a two-part debt sale, said IFR, a Thomson Reuters publication.

Citigroup, Credit Suisse, and Deutsche Bank were the joint
bookrunning managers for the sale.
BORROWER: PRINCIPAL FINANCIAL GROUP INC*
FIRST TRANCHE:
AMT $400 MLN COUPON 7.875 PCT MATURITY 5/15/2014
TYPE SR NTS ISS PRICE 100 FIRST PAY 11/15/2009
MOODY'S A3 YIELD 7.875 PCT SETTLEMENT 5/21/2009
S&P BBB-PLUS SPREAD 577.2 BPS PAY FREQ SEMI-ANNUAL
FITCH A-MINUS MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
SECOND TRANCHE:
AMT $350 MLN COUPON 8.875 PCT MATURITY 5/15/2019
TYPE SR NTS ISS PRICE 100 FIRST PAY 11/15/2009
MOODY'S A3 YIELD 8.875 PCT SETTLEMENT 5/21/2009
S&P BBB-PLUS SPREAD 563.6 BPS PAY FREQ SEMI-ANNUAL
FITCH A-MINUS MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
*GUARANTEED BY PRINCIPAL FINANCIAL SERVICES INC.