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Public Service Colorado selling 10-, 30-year mortgage bonds Tuesday
By Andrea Heisinger
New York, March 19 - Public Service Co. of Colorado is planning a sale of first mortgage bonds (A2/A/A) in two parts for Tuesday pricing, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
The offering includes notes due March 15, 2023 and bonds due March 15, 2043.
Goldman Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to repay short-term borrowings, to fund the maturity of $250 million 4.875% first mortgage bonds on March 1 and for operational needs.
The electric and gas utility is based in Denver.
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