Arizona Public Service to issue $550 million of notes in 2016

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Pinnacle West Capital Corp. expects its electric utility subsidiary Arizona Public Service Co. to issue $550 million of bonds during 2016 including $250 million to refinance debt maturing on Aug. 1, 2016, according to a slideshow presentation filed with the Securities and Exchange Commission.

In addition, “several” series of tax-exempt bonds will be remarketed or refinanced next year.

Pinnacle West is a utility based in Phoenix.

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