By Sheri Kasprzak
New York, May 30 - The City of Forsyth, Mont., priced $161.86 million of series 2013 pollution control revenue refunding bonds for Puget Sound Energy Inc., according to an 8-K filed Thursday with the Securities and Exchange Commission.
The deal included $138.46 million of series 2013A bonds and $23.4 million of series 2013B bonds.
The 2013A bonds are due 2031 and initially bear interest at 3.9%. The 2013B bonds are due 2031 and initially bear interest at 4%. On or after March 1, 2023, the company may elect to adjust the rate on the bonds to another term interest rate or a daily, weekly or flexible rate.
Proceeds from the offering were loaned to Puget Sound Energy for capital improvements.
| Issuer: | City of Forsyth, Mont./Puget Sound Energy Inc.
|
| Issue: | Series 2013 pollution control revenue refunding bonds
|
| Amount: | $161.86 million
|
| Pricing date: | May 17
|
| Settlement date: | May 23
|
|
|
| $138.46 million series 2013A bonds
|
| Maturity | Type | Coupon | Price
|
| March 1, 2031 | Term | 3.9% | 100
|
|
|
| $23.4 million series 2013B bonds
|
| Maturity | Type | Coupon | Price
|
| March 1, 2031 | Term | 4% | 100
|
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