Published on 9/22/2014 in the Prospect News Municipals Daily.
New Issue: WPPI Energy, Wis., brings to market $69.09 million power supply bonds
By Sheri Kasprzak
New York, Sept. 22 – WPPI Energy of Wisconsin sold $69.09 million of series 2014A power supply system revenue bonds, said a pricing sheet.
The bonds (A1/A/A+) were sold through J.P. Morgan Securities LLC.
The bonds are due 2015 and 2025 to 2037 with 2% to 5% coupons and yields from 0.20% to 3.62%.
Proceeds will be used to refund the remaining principal of the utility’s series 2005A power supply system revenue bonds.
| Issuer: | WPPI Energy
|
| Issue: | Series 2014A power supply system revenue bonds
|
| Amount: | $69.09 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Barclays and BMO Capital Markets LLC (co-managers)
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A
|
| Fitch: A+
|
| Pricing date: | Sept. 18
|
| Settlement date: | Oct. 16
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.68 million | 2015 | Serial | 2% | 101.273 | 0.20%
|
| $4,325,000 | 2025 | Serial | 5% | 118.397 | 2.82%
|
| $4,455,000 | 2026 | Serial | 5% | 117.561 | 2.91%
|
| $4,745,000 | 2027 | Serial | 5% | 116.824 | 2.99%
|
| $4,995,000 | 2028 | Serial | 5% | 115.91 | 3.09%
|
| $5.02 million | 2029 | Serial | 5% | 115.004 | 3.19%
|
| $5.28 million | 2030 | Serial | 5% | 114.286 | 3.27%
|
| $5.6 million | 2031 | Serial | 5% | 113.84 | 3.32%
|
| $5,775,000 | 2032 | Serial | 5% | 113.396 | 3.37%
|
| $5,905,000 | 2033 | Serial | 5% | 112.778 | 3.44%
|
| $6,035,000 | 2034 | Serial | 5% | 112.338 | 3.49%
|
| $6,105,000 | 2035 | Serial | 5% | 111.901 | 3.54%
|
| $6,175,000 | 2036 | Serial | 5% | 111.466 | 3.59%
|
| $1,995,000 | 2037 | Serial | 5% | 111.206 | 3.62%
|
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