By Cristal Cody
Tupelo, Miss., Nov. 14 – Entergy Texas Inc. priced $150 million of 3.45% 10-year first mortgage bonds (Baa1/A) on Tuesday at a spread of 110 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The bonds priced at 99.738 to yield 3.481%.
Barclays and U.S. Bancorp Investments Inc. were the bookrunners.
Proceeds will be used for general corporate purposes.
Entergy Texas is a Beaumont, Texas-based energy provider.
| Issuer: | Entergy Texas Inc.
|
| Amount: | $150 million
|
| Description: | First mortgage bonds
|
| Maturity: | Dec. 1, 2027
|
| Bookrunners: | Barclays and U.S. Bancorp Investments Inc.
|
| Co-managers: | Regions Securities LLC and TD Securities (USA) LLC
|
| Coupon: | 3.45%
|
| Price: | 99.738
|
| Yield: | 3.481%
|
| Spread: | Treasuries plus 110 bps
|
| Call features: | Make-whole call at Treasuries plus 20 bps before Sept. 1, 2027; thereafter at par
|
| Trade date: | Nov. 14
|
| Settlement date: | Nov. 17
|
| Ratings: | Moody’s: Baa1
|
| S&P: A
|
| Distribution: | SEC registered
|
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