Public Service Co. of New Hampshire to tap 3.5% bonds due 2023

By Aleesia Forni

Virginia Beach, Oct. 6 – Public Service Co. of New Hampshire is planning to price an add-on to its existing 3.5% first mortgage bonds (A/A3/A), series S, due Nov. 1, 2023, according to a 424B3 filed with the Securities and Exchange Commission on Wednesday.

Mizuho Securities USA Inc. and RBS Securities Inc. are the joint bookrunners.

Ramirez & Co. Inc. is the co-manager.

Proceeds will be used to refinance short-term debt.

The original issue was sold on Nov. 6, 2013 at Treasuries plus 90 basis points.

The subsidiary of Northeast Utilities is based in Manchester, N.H.

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