By Andrea Heisinger
Omaha, Oct. 5 - Portland General Electric Co. sold $75 million of 5.8% first mortgage bonds due March 2018 in a private placement, according to a Securities and Exchange Commission filing.
The bonds (Baa2/BBB+) will have a make-whole call.
Proceeds will be used to fund capital expenditures and/or for general corporate purposes.
The electrical utility is based in Portland, Ore.
| Issuer: | Portland General Electric Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $75 million
|
| Maturity: | March 1, 2018
|
| Coupon: | 5.8%
|
| Call: | Make-whole call at undisclosed price
|
| Trade date: | Oct. 4
|
| Settlement date: | Dec. 12
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
| Distribution: | Private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
