By Andrea Heisinger
New York, Nov. 30 - Washington Gas Light Co. sold $75 million of 5.211% 30-year bonds on Tuesday at par, according to an FWP filing with the Securities and Exchange Commission.
The notes (A2/AA-/) are callable at a make-whole amount of 20 basis points over Treasuries.
BB&T Capital Markets and Mitsubishi UFJ Securities (USA) Inc. ran the books.
Proceeds will be used to retire short-term debt used to refund long-term debt redeemed on April 6. Proceeds will also be used for general corporate purposes, including property acquisition and working capital.
The natural gas company is based in Washington, D.C.
| Issuer: | Washington Gas Light Co.
|
| Issue: | Notes
|
| Amount: | $75 million
|
| Maturity: | Dec. 3, 2040
|
| Bookrunners: | BB&T Capital Markets, Mitsubishi UFJ Securities (USA) Inc.
|
| Coupon: | 5.211%
|
| Price: | Par
|
| Yield: | 5.211%
|
| Call: | Make-whole at Treasuries plus 20 bps
|
| Trade date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: AA-
|
© 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.
