New Issue: Oklahoma Gas & Electric sells $250 million 3.9% 30-year bonds at Treasuries plus 90 bps

By Andrea Heisinger

New York, May 8 - Oklahoma Gas & Electric Co. sold $250 million of 3.9% 30-year senior notes (A2/A-/A+) Wednesday at Treasuries plus 90 basis points, according to an FWP filing with the Securities and Exchange Commission.

Pricing was at 99.966 to yield 3.902%.

There is a make-whole call at 15 bps over Treasuries until Nov. 1, 2042 and a par call after that date.

Bookrunners were Mitsubishi UFJ Securities (USA) Inc., Mizuho Securities USA Inc. and RBS Securities Inc.

Proceeds will be added to the company's general funds and used to repay debt, to fund capital expenditures, for working capital and for general corporate purposes.

The electric utility is based in Oklahoma City.

Issuer:	Oklahoma Gas & Electric Co.
Issue:	Senior notes
Amount:	$250 million
Maturity:	May 1, 2043
Bookrunners:	Mitsubishi UFJ Securities (USA) Inc., Mizuho Securities USA Inc., RBS Securities Inc.
Co-managers:	BNY Mellon Capital Markets LLC, BOSC, Inc., KeyBanc Capital Markets Inc., RBC Capital Markets LLC, U.S. Bancorp Investments Inc.
Coupon:	3.9%
Price:	99.966
Yield:	3.902%
Spread:	Treasuries plus 90 bps
Call:	Make-whole at Treasuries plus 15 bps to Nov. 1, 2042, par call after
Trade date:	May 8
Settlement date:	May 13
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A+

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