By Andrea Heisinger
New York, Nov. 15 - Indianapolis Power & Light Co. sold $140 million of 4.875% 30-year first mortgage bonds on Tuesday to yield Treasuries plus 180 basis points, a market source said.
The notes (A3/BBB/BBB+) were sold at 99.909 to yield 4.881%. They have a make-whole call at Treasuries plus 30 bps.
The deal was done under Rule 144A and Regulation S.
Barclays Capital Inc. was the bookrunner.
The electric company is based in Indianapolis.
| Issuer: | Indianapolis Power & Light Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $140 million
|
| Maturity: | Nov. 1, 2041
|
| Bookrunner: | Barclays Capital Inc.
|
| Coupon: | 4.875%
|
| Price: | 99.909
|
| Yield: | 4.881%
|
| Spread: | Treasuries plus 180 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Distribution: | Rule 144A and Regulation S
|
| Trade date: | Nov. 15
|
| Settlement date: | Nov. 18
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
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