Northern States Power offers dual green first mortgage bond tranches

By Rebecca Melvin

New York, March 23 – Northern States Power Co. is selling two tranches of green first mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission.

MUFG, PNC Capital Markets LLC, TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

BNP Paribas Securities Corp., CIBC World Markets Corp., Goldman Sachs & Co. LLC and Scotia Capital (USA) Inc. are the senior co-managers, and Loop Capital Markets LLC and Siebert Williams Shank & Co. LLC are the co-managers.

Proceeds will be used for eligible green expenditures.

The electric and natural gas utility is based in Minneapolis.

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