NU Online News Service, Dec. 1, 2004, 11:44 a.m. EST
A major seller of equity-indexed annuities plans to raise more than $175 million on Wall Street.[@@]
American Equity Investment Life Holding Company, West Des Moines, Iowa, says it intends to issue at least $175 million in contingent convertible notes Dec. 6.
The size of the offering already has increased from $125 million, and one initial purchaser has an option to buy up to $75 million in additional notes, American Equity says.