New Issue: Puget Sound Energy prices $350 million 5.757% 30-year notes at Treasuries plus 150 bps

By Andrea Heisinger

New York, Sept. 8 - Puget Sound Energy, Inc. priced $350 million 5.757% 30-year notes Tuesday to yield Treasuries plus 150 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Baa1/A-/) priced at par to yield 5.757%. They have a make-whole call at Treasuries plus 25 bps.

Bookrunners were Bank of America Merrill Lynch, J.P. Morgan Securities Inc., RBS Securities Inc. and SunTrust Robinson Humphrey Inc.

Co-managers were BNY Capital Markets Inc., KeyBanc Capital Markets Inc., Mitsubishi UFJ Securities and Scotia Capital (USA) Inc.

The electric and natural gas utility is based in Bellevue, Wash.

Issuer:	Puget Sound Energy, Inc.
Issue:	Senior notes
Amount:	$350 million
Maturity:	Oct. 1, 2039
Bookrunners:	Bank of America Merrill Lynch, J.P. Morgan Securities Inc., RBS Securities Inc., SunTrust Robinson Humphrey Inc.
Co-managers:	BNY Capital Markets Inc., KeyBanc Capital Markets Inc., Mitsubishi UFJ Securities, Scotia Capital (USA) Inc.
Coupon:	5.757%
Price:	Par
Yield:	5.757%
Spread:	Treasuries plus 150 bps
Call:	Make-whole at Treasuries plus 25 bps
Trade date:	Sept. 8
Settlement date:	Sept. 11
Ratings:	Moody's: Baa1
	Standard & Poor's: A-

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