By Andrea Heisinger
New York, Aug. 21 - Washington Gas Light Co. priced $50 million in two-year floating-rate notes Thursday at par to yield three-month Libor plus 80 basis points, market sources said.
The notes are non-callable.
Bookrunners were Citigroup Global Markets Inc. and Wachovia Capital Markets.
The natural gas provider is based in Washington D.C.
Issuer: | Washington Gas Light Co.
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Issue: | Floating-rate notes
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Amount: | $50 million
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Maturity: | 2010
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Bookrunners: | Citigroup Global Markets Inc., Wachovia Capital Markets
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Coupon: | Three-month Libor plus 80 bps
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Price: | Par
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Yield: | Three-month Libor plus 80 bps
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Call: | Non-callable
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Trade date: | Aug. 21
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