Interstate Power & Light pricing senior notes due 2043

By Aleesia Forni

Virginia Beach, Oct. 3 - Interstate Power & Light Co. intends to price an offering of senior debentures due 2043, according to a 424B5 filed with the Securities and Exchange Commission on Thursday.

Goldman Sachs & Co., Mitsubishi UFJ Securities and RBS Securities Inc. are the joint bookrunners.

BNY Mellon Capital Markets LLC, Mizuho Securities USA Inc. and Williams Capital Group LP were the co-managers.

The company plans to use proceeds to reduce outstanding capital under the company's receivables purchase and sale program, reduce long-term debt and for general corporate purposes.

Interstate Power & Light is a Cedar Rapids, Iowa-based public utility.

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