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Prudential Completes 36m Shares Public Offering

Published: 08-Jun-2009

Prudential Financial derived an aggregate net proceeds of about $1.4 billion.

Prudential Financial has announced the completion of public offering of 36,858,975 shares of its common stock. The company derived aggregate net proceeds of about $1.4 billion from the common stock offering.

The common stock offering includes 4,807,692 shares of common stock issued pursuant to the exercise in full of the underwriter’s option to buy additional shares.

The company also completed $1 billion public offering of senior debt securities in the form of its medium-term notes, Series D.

Prudential, a financial services firm, is engaged in life insurance and asset management services. The company has operations in the US, Latin America, Europe, and Asia.

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