Published on 11/20/2007 in the Prospect News Investment Grade Daily.
New Issue: Illinois Power sells $250 million 6.125% 10-year bonds at Treasuries plus 190 bps
By Andrea Heisinger
Omaha, Nov. 20 - Illinois Power Co. priced $250 million 6.125% 10-year first mortgage bonds at 99.89 to yield 190 basis points more than Treasuries, according to informed sources.
Bookrunners for the Rule 144A offering were Barclays Capital, BNP Paribas and J.P. Morgan Securities Inc.
The electricity and natural gas provider, a subsidiary of Amaren Corp., is based in Decatur, Ill.
| Issuer: | Illinois Power Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $250 million
|
| Maturity: | Nov. 20, 2017
|
| Bookrunners: | Barclays Capital, BNP Paribas, J.P. Morgan Securities Inc.
|
| Coupon: | 6.125%
|
| Price: | 99.89
|
| Spread: | Treasuries plus 190 bps
|
| Trade date: | Nov. 15
|
| Settlement date: | Nov. 20
|
| Distribution: | Rule 144A
|
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