By Sheri Kasprzak
New York, Nov. 8 - Public Service Co. of Oklahoma priced $250 million in 6.625% senior notes at Treasuries plus 200 basis points.
The series G senior notes are priced at 99.253 to yield 6.683% and are due Nov. 15, 2037. The notes are redeemable, at any time, via a make-whole call at Treasuries plus 30 basis points.
Citigroup Global Markets Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.; Morgan Stanley & Co. Inc.; and UBS Securities LLC are the joint bookrunners.
The notes are rated Baa1 by Moody's, BBB by Standard & Poor's and A- by Fitch.
| Issuer: | Public Service Co. of Oklahoma
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| Issue: | Series G senior notes
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| Amount: | $250 million
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| Maturity: | Nov. 15, 2037
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| Coupon: | 6.625%
|
| Price: | 99.253%
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| Yield: | 6.683%
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| Spread: | 200 bps
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| Call: | Make-whole call at Treasuries plus 30 bps
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| Bookrunners: | Citigroup Global Markets Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.; Morgan Stanley & Co. Inc.; and UBS Securities LLC
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| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: A-
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| Trade date: | Nov. 8
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| Settlement date: | Nov. 14
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