New Issue: Washington Gas Light prices $100 million 4.224% 30-year bonds at par

By Aleesia Forni

Virginia Beach, Sept. 9 – Washington Gas Light Co. priced $100 million of 4.224% notes, series J, at par on Monday, 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:	$100 million
Description:	Notes, series J
Maturity:	Sept. 15, 2044
Coupon:	4.224%
Price:	Par
Yield:	4.224%
Make-whole call:	Treasuries plus 15 bps prior to March 15, 2044, then callable at par
Trade date:	Sept. 8
Settlement date:	Sept. 12

© 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.