By Jennifer Chiou
New York, April 4 - Portland General Electric Co. sold $50 million of 4.45% first mortgage bonds due April 1, 2013 in a private placement, according to an 8-K filing with the Securities and Exchange Commission.
The bonds will have a make-whole call.
The bonds will be issued in connection with the refinancing of the company's $50 million of 5.278% series first-mortgage bonds due April 1, 2013, which it repurchased on Feb. 29.
The electric utility is based in Portland, Ore.
| Issuer: | Portland General Electric Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $50 million
|
| Maturity: | April 1, 2013
|
| Coupon: | 4.45%
|
| Call: | Make-whole call at undisclosed price
|
| Trade date: | March 31
|
| Settlement date: | April 15
|
| Distribution: | Private placement
|
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