By Lisa Kerner
Charlotte, N.C., Oct. 31 - Northwest Natural Gas Co. issued $50 million of 4% first mortgage bonds due 2042 on Tuesday, according to a form 8-K filing with the Securities and Exchange Commission.
The bonds were sold under a July 2012 purchase agreement with a group of investors.
Interest on the bonds is payable semiannually on Feb. 1 and Aug. 1, beginning on Feb. 1, 2013.
The bonds were sold in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, the filing said.
The utility - formerly Portland Gas & Coke Co - is based in Portland, Ore.
| Issuer: | Northwest Natural Gas Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $50 million
|
| Maturity: | Oct. 31, 2042
|
| Coupon: | 4%
|
| Settlement date: | Oct. 30
|
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