Public Service Co. of Colorado to sell $250 million 10-year bonds

By Aleesia Forni

Virginia Beach, May 5 – Public Service Co. of Colorado plans to price $250 million of 10-year first mortgage bonds, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The series No. 28 bonds mature May 15, 2025.

Credit Suisse Securities, RBC Capital Markets LLC, TD Securities and U.S. Bancorp Investments, Inc. are the bookrunners.

Proceeds will be used 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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