New Issue: Puget Sound Energy prices $250 million 5.764% 30-year notes at par

By Sheri Kasprzak

New York, June 24 - Puget Sound Energy, Inc. sold $250 million 5.764% 30-year senior notes (Baa1/A-/) at par on Thursday to yield Treasuries plus 167.5 basis points, according to a pricing sheet.

RBS Securities Inc., Mitsubishi UFJ Securities (USA) Inc. and BNY Mellon Capital Markets LLC were the bookrunners. The co-managers were Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC.

Proceeds will be used for general corporate purposes.

Based in Bellevue, Wash., Puget Sound Energy is an electric and natural gas utility.

Issuer:	Puget Sound Energy, Inc.
Issue:	Senior notes
Amount:	$250 million
Maturity:	July 15, 2040
Bookrunners:	RBS Securities Inc., Mitsubishi UFJ Securities (USA) Inc., BNY Mellon Capital Markets LLC
Co-managers:	Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC
Coupon:	5.764%
Price:	Par
Yield:	5.764%
Spread:	Treasuries plus 167.5 bps
Ratings:	Moody's: Baa1
	Standard & Poor's: A-
Pricing date:	June 24
Settlement date:	June 29

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