By Aleesia Forni
Virginia Beach, Oct. 6 – Wisconsin Power & Light Co. sold $250 million of 4.1% 30-year debentures on Monday at Treasuries plus 98 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.
The notes sold at the tight end of price talk.
Pricing was at 99.914 to yield 4.105%.
BofA Merrill Lynch, J.P. Morgan Securities LLC and Mizuho Securities USA Inc. were the bookrunners.
Proceeds will be used repay commercial paper and for other general corporate purposes.
The Madison, Wis.-based public utility distributes electricity and natural gas to central and southern Wisconsin.
| Issuer: | Wisconsin Power & Light Co.
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| Amount: | $250 million
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| Description: | Debentures
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| Maturity: | Oct. 15, 2044
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| Bookrunners: | BofA Merrill Lynch, J.P. Morgan Securities LLC, Mizuho Securities USA Inc.
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| Co-managers: | Comerica Securities, KeyBanc Capital Markets LLC, Mischler Financial Group, Inc.
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| Coupon: | 4.1%
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| Price: | 99.914
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| Yield: | 4.105%
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| Spread: | Treasuries plus 98 bps
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| Trade date: | Oct. 6
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| Settlement date: | Oct. 14
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| Price talk: | Treasuries plus 100 bps
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| Make-whole call: | Treasuries plus 15 bps prior to April 15, 2044, then callable at par
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