The Williams Cos. $400 million five-year certificates talked at 6 3/8-6 5/8%

By Paul A. Harris

St. Louis, April 2 - Price talk of 6 3/8% to 6 5/8% emerged Friday on a $400 million offering of five-year senior unsecured certificates of beneficial ownership from The Williams Cos. Inc./Credit Linked Certificate Trust, according to an informed source.

Citigroup is the bookrunner for the Rule 144A offering. Banc of America Securities is the co-manager.

The certificates will be non-callable for life.

Proceeds will be used to provide funding for The Williams Cos. letter of credit trust structure.

The issuer is a Tulsa-based natural gas transportation and storage company.

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