Kansas Gas & Electric to sell $175 million in first mortgage bonds to Nomura

By Andrea Heisinger

Omaha, Aug. 15 - Kansas Gas & Electric Co. has entered into a bond purchase agreement to sell Nomura International plc $175 million in 6.53% 30-year first mortgage bonds.

The sale is expected to happen between Oct. 15 and Dec. 31 and will be carried out as a private placement.

Kansas Gas & Electric is a subsidiary of Topeka, Kan.-based Westar Energy Inc., the largest electric energy provider in Kansas.

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