By Andrea Heisinger
New York, Aug. 2 - Public Service Co. of Colorado priced $250 million of 4.75% 30-year first mortgage bonds, series 22, on Tuesday to yield Treasuries plus 78 basis points, according to an FWP filing with the Securities and Exchange Commission.
The bonds (A2/A/A) were sold at 99.618 to yield 4.774%.
The securities have a make-whole call before Feb. 15, 2041 at Treasuries plus 15 bps and afterward can be redeemed at par.
Bookrunners were BNP Paribas Securities Corp., Credit Suisse Securities LLC and Mizuho Securities USA Inc.
Proceeds are being used to repay short-term debt incurred to fund daily operational needs and for general corporate purposes.
The electric utility is based in Denver.
| Issuer: | Public Service Co. of Colorado
|
| Issue: | First mortgage bonds, series 22
|
| Amount: | $250 million
|
| Maturity: | Aug. 15, 2041
|
| Bookrunners: | BNP Paribas Securities Corp., Credit Suisse Securities LLC, Mizuho Securities USA Inc.
|
| Coupon: | 4.75%
|
| Price: | 99.618
|
| Yield: | 4.774%
|
| Spread: | Treasuries plus 78 bps
|
| Call: | Make-whole at Treasuries plus 15 bps before Feb. 15, 2041, then par
|
| Trade date: | Aug. 2
|
| Settlement date: | Aug. 9
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
© 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.
