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Public Service Co. of Colorado offers 30-year first mortgage bonds
By Devika Patel
Knoxville, Tenn., June 12 – Public Service Co. of Colorado expects to price first mortgage bonds, series No. 29, due 2047, according to a 424B5 filed with the Securities and Exchange Commission.
The notes are callable at a premium with 30 days’ notice.
BNP Paribas Securities Corp., J.P. Morgan Securities LLC, RBC Capital Markets Corp. and Scotia Capital (USA) Inc. are the bookrunners.
Proceeds will be used for general corporate purposes, including working capital, capital expenditures and acquisitions, repaying short-term debt and refunding long-term debt at maturity or otherwise.
The company is an operating utility engaged primarily in the generation, purchase, transmission, distribution, and sale of electricity. It is a subsidiary of Minneapolis-based Xcel Energy.
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