By Marisa Wong
Morgantown, W.Va., Sept. 10 – Northwest Natural Gas Co. issued $50 million of 4.11% first mortgage bonds due 2048 on Monday, according to an 8-K filing with the Securities and Exchange Commission.
The bonds were sold under a Sept. 1 supplemental indenture with Deutsche Bank Trust Co. Americas as trustee.
Interest on the bonds is payable semiannually on Feb. 1 and Aug. 1.
The utility is based in Portland, Ore.
| Issuer: | Northwest Natural Gas Co.
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| Issue: | First mortgage bonds
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| Amount: | $50 million
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| Maturity: | Sept. 10, 2048
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| Coupon: | 4.11%
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| Call option: | Make-whole call at any time
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| Settlement date: | Sept. 10
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