By Andrea Heisinger
Omaha, Dec. 11 - AGL Capital Corp. reopened its 6.375% notes due July 15, 2016 on Tuesday to add $125 million, market sources said.
This brings the total issuance to $300 million.
The notes (Baa2/BBB+) priced at 99.251 to yield 6.489%, or 240 basis points more than Treasuries. They have a make-whole call at Treasuries plus 20 bps.
Bookrunners were Goldman Sachs & Co., SunTrust Robinson Humphrey and Wachovia Capital Securities LLC.
Proceeds will be used to repay a portion of short-term debt.
The subsidiary of energy services holding company AGL Resources is based in Atlanta.
| Issuer: | AGL Capital Corp.
|
| Issue: | Senior notes
|
| Amount: | $125 million reopened
|
| Maturity: | July 15, 2016
|
| Bookrunners: | Goldman Sachs & Co., SunTrust Robinson Humphrey, Wachovia Capital Securities LLC
|
| Coupon: | 6.375%
|
| Price: | 99.251
|
| Yield: | 6.489%
|
| Spread: | Treasuries plus 240 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
| Trade date: | Dec. 11
|
| Settlement date: | Dec. 14
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
| Total issuance: | $300 million
|
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