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Public Service Co. of Colorado to sell 30-year first mortgage bonds
By Cristal Cody
Tupelo, Miss., March 3 - Public Service Co. of Colorado plans to bring an offering of 30-year first mortgage bonds, according to a preliminary prospectus supplement filed on Monday with the Securities and Exchange Commission.
The series No. 27 bonds mature March 15, 2044.
BNP Paribas Securities Corp., BofA Merrill Lynch, Scotia Capital Inc. and U.S. Bancorp Investments, Inc. are the bookrunners.
Proceeds will be used to fund the maturity of $275 million of 5.5% first mortgage bonds on April 1 and for general corporate purposes, including the repayment of short-term debt and the funding of a capital expenditure program.
The Denver-based electric utility is a subsidiary of Xcel Energy Inc.
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