By Devika Patel
Knoxville, Tenn., March 6 – Public Service Co. of Colorado priced $400 million of 4.05% first mortgage bonds (A1/A/A+) due Sept. 15, 2049 at a spread of 103 basis points over Treasuries on Wednesday, according to an FWP filed with the Securities and Exchange Commission.
The notes priced at 99.082 to yield 4.103%.
BMO Capital Markets Corp., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and Scotia Capital (USA) Inc. are the bookrunners.
Proceeds will be used for general corporate purposes.
Public Service Co. of Colorado is an electric and natural gas company based in Denver and a subsidiary of Xcel Energy Inc.
| Issuer: | Public Service Co. of Colorado
|
| Amount: | $400 million
|
| Securities: | First mortgage bonds
|
| Maturity: | Sept. 15, 2049
|
| Bookrunners: | BMO Capital Markets Corp., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and Scotia Capital (USA) Inc.
|
| Coupon: | 4.05%
|
| Price: | 99.082
|
| Yield: | 4.103%
|
| Spread: | Treasuries plus 103 bps
|
| Call features: | Make-whole call at Treasuries plus 20 bps until March 15, 2049; thereafter at par
|
| Trade date: | March 6
|
| Settlement date: | March 13
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: A+
|
| Distribution: | SEC registered
|
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