By Andrea Heisinger
New York, Nov. 9 - Public Service Co. of Oklahoma priced $250 million of 5.15% 10-year senior notes on Monday to yield Treasuries plus 170 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/BBB/BBB+) priced at 99.717 to yield 5.186%. They have a make-whole call at Treasuries plus 25 bps.
Barclays Capital Inc., Bank of New York Mellon and Citigroup Global Markets Inc. were bookrunners. Co-managers were BBVA Securities Inc., Mizuho Securities USA Inc. and SunTrust Robinson Humphrey Inc.
Proceeds are being used for general corporate purposes related to the utility business.
The subsidiary of American Electric Power is based in Tulsa, Okla.
| Issuer: | Public Service Co. of Oklahoma
|
| Issue: | Senior notes
|
| Amount: | $250 million
|
| Maturity: | Dec. 1, 2019
|
| Bookrunners: | Barclays Capital Inc., Bank of New York Mellon, Citigroup Global Markets Inc.
|
| Co-managers: | BBVA Securities Inc., Mizuho Securities USA Inc., SunTrust Robinson Humphrey Inc.
|
| Coupon: | 5.15%
|
| Price: | 99.717
|
| Yield: | 5.186%
|
| Spread: | Treasuries plus 170 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Nov. 9
|
| Settlement date: | Nov. 13
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
