The unsecured senior notes, which are scheduled to mature on August 15, 2022, bear an interest rate of 5.00%. Citigroup Global Markets Inc. of Citigroup Inc. ( C ), RBC Capital Markets, LLC of Royal Bank of Canada ( RY ), Merrill Lynch, Pierce, Fenner & Smith Incorporated of Bank of America Corporation ( BAC ) and Wells Fargo Securities, LLC of Wells Fargo & Company ( WFC ) acted as joint book-running managers for the offering. On the other hand, Jefferies & Company, Inc. of Jefferies Group, Inc. ( JEF ), Morgan Stanley & Co. LLC of Morgan Stanley ( MS ) and UBS Securities LLC of UBS AG ( UBS ) acted as joint lead managers. The company expects to use the net proceeds to fully prepay its outstanding senior notes worth $287 million, with 6.75% interest rate and maturity date of February 15, 2013.