New Issue: Kansas Gas sells $250 million 4.3% 30-year mortgage bonds at Treasuries plus 95 bps

By Aleesia Forni

Virginia Beach, June 25 – Kansas Gas & Electric Co. sold $250 million 4.3% 30-year first mortgage bonds Wednesday to yield Treasuries plus 95 basis points, an informed source said.

The Rule 144A and Regulation S bonds (A2/A/A-) priced at 99.747 to yield 4.315%.

The bookrunners were Barclays, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co. and Wells Fargo Securities LLC.

The utility subsidiary of Westar Energy is based in Wichita, Kan.

Issuer:	Kansas Gas & Electric Co.
Issue:	First mortgage bonds
Amount:	$250 million
Maturity:	July 15, 2044
Bookrunners:	Barclays, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co., Wells Fargo Securities LLC
Coupon:	4.3%
Price:	99.747
Yield:	4.315%
Spread:	Treasuries plus 95 bps
Trade date:	June 25
Settlement date:	July 2
Distribution:	Rule 144A, Regulation S
Ratings:	Moody's: A2
	Standard & Poor's: A
	Fitch: A-

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