By William Gullotti and Cristal Cody
Buffalo, N.Y., May 18 – Oncor Electric Delivery Co. LLC priced $800 million of senior notes in two tranches on Tuesday, including a tranche of green notes, according to a market source.
A $400 million tranche of 4.15% 10-year green notes priced at a spread of 122 basis points over Treasuries, versus initial talk in the Treasuries plus 150 bps area.
The company also priced $400 million of 4.6% 30-year notes at a 147 bps spread over Treasuries, low to initial talk in the Treasuries plus 175 bps area.
Mizuho Securities USA Inc., SMBC Nikko Securities America Inc., TD Securities (USA) LLC and Wells Fargo Securities LLC were the bookrunners.
Oncor Electric Delivery is an electric company based in Dallas.
| Issuer: | Oncor Electric Delivery Co. LLC
|
| Amount: | $800 million
|
| Bookrunners: | Mizuho Securities USA Inc., SMBC Nikko Securities America Inc., TD Securities (USA) LLC and Wells Fargo Securities LLC
|
| Trade date: | May 17
|
|
|
| 10-year notes
|
| Amount: | $400 million
|
| Issue: | Green notes
|
| Maturity: | June 1, 2032
|
| Coupon: | 4.15%
|
| Spread: | Treasuries plus 122 bps
|
| Price guidance: | Treasuries plus 150 bps area
|
|
|
| 30-year notes
|
| Amount: | $400 million
|
| Issue: | Notes
|
| Maturity: | June 1, 2052
|
| Coupon: | 4.6%
|
| Spread: | Treasuries plus 147 bps
|
| Price guidance: | Treasuries plus 175 bps area
|
|
|
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