By Andrea Heisinger
New York, Sept. 18 - Laclede Gas Co. priced $80 million in 6.35% 30-year first mortgage bonds Thursday, according to an FWP filing with the Securities and Exchange Commission.
The bonds (A3/A/A+) are non-callable for five years.
Edward D. Jones & Co., LP was the bookrunner.
Proceeds will be used to reduce short-term debt incurred to pay gas supply costs, to make capital expenditures, to retire a series of first mortgage bonds and for other general corporate purposes.
The subsidiary of Laclede Group, Inc. is based in St. Louis.
| Issuer: | Laclede Gas Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $80 million
|
| Maturity: | Oct. 15, 2038
|
| Bookrunner: | Edward D. Jones & Co., LP
|
| Coupon: | 6.35%
|
| Call: | On or after Oct. 15, 2013 at par
|
| Trade date: | Sept. 18
|
| Settlement date: | Sept. 23
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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