Published on 12/3/2013 in the Prospect News Investment Grade Daily.
New Issue: Washington Gas Light prices $75 million 5% 30-year bonds at 99.87
By Aleesia Forni
Virginia Beach, Dec. 3 - Washington Gas Light Co. priced $75 million of 5% notes, series J, (//AA-) at 99.87, according to a 424B5 filed with the Securities and Exchange Commission.
Proceeds from the sale of these notes will be used to retire short-term debt and for general corporate purposes such as the acquisition of property and working capital requirements.
The natural gas company is based in Washington, D.C.
| Issuer: | Washington Gas Light Co.
|
| Amount: | $75 million
|
| Description: | Notes, series J
|
| Maturity: | Dec. 15, 2043
|
| Coupon: | 5%
|
| Price: | 99.87
|
| Make-whole call: | Treasuries plus 20 bps prior to June 15, 2043, then callable at par
|
| Trade date: | Dec. 2
|
| Settlement date: | Dec. 5
|
| Rating: | Fitch: AA-
|
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