By Andrea Heisinger
Omaha, Oct. 1 - PacifiCorp priced $600 million of 6.25% 30-year first-mortgage bonds to yield Treasuries plus 140 basis points, according to a Securities and Exchange Commission filing.
The bonds (A3/A-/A-) were priced at 99.875 to yield 6.259%.
There is a make-whole call at Treasuries plus 25 bps.
Bookrunners were RBS Greenwich Capital Markets Inc., J.P. Morgan Securities Inc. and Lehman Brothers Inc.
PacifiCorp is a subsidiary of MidAmerican Energy Holdings Co. and is based in Portland, Ore.
| Issuer: | PacifiCorp
|
| Issue: | First-mortgage bonds
|
| Amount: | $600 million
|
| Maturity: | Oct. 15, 2037
|
| Bookrunners: | RBS Greenwich Capital Markets Inc., J.P. Morgan Securities Inc., Lehman Brothers Inc.
|
| Coupon: | 6.25%
|
| Price: | 99.875
|
| Yield: | 6.259%
|
| Spread: | Treasuries plus 140 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A-
|
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