California-based H.F. Ahmanson & Co. issued $125 million of 10-year subordinated notes Wednesday.
The noncallable issue was priced at 99.534, to yield 7.943%, or a thin 74 basis points more than the comparable U.S. Treasury security.
Lehman Brothers led the team that underwrote the debt.
Moody's Investors Service rated the issue Baa-3, and Standard & Poor's rated it BBB.
Ahmanson is the nation's largest thrift, with more than $50 billion of assets.