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FINWIRES

Alliant Energy Unit Prices $500 Million Senior Debentures Offering

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Alliant Energy (LNT) said late Tuesday its subsidiary, Interstate Power and Light, is pricing public offering of $500 million of 5.100% senior debentures due Sept. 30, 2031.

The company's subsidiary plans to use the net proceeds to reduce outstanding capital under its receivables purchase and sale program, to lower outstanding commercial paper, and for general corporate purposes, according to a statement.

The offering is expected to close Friday, subject to customary closing conditions, the company said.

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