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Northern States Power plans to sell mortgage bonds due 2020, 2045
By Aleesia Forni
Virginia Beach, Aug. 4 – Northern States Power Co. is in Tuesday’s market with an offering of first mortgage bonds in tranches due Aug. 15, 2020 and Aug. 15, 2045, according to a 424B5 filed with the Securities and Exchange Commission.
The bookrunners are BNP Paribas Securities Corp., BNY Mellon Capital Markets LLC, MUFG, Mizuho Securities and Morgan Stanley & Co. LLC.
Loop Capital Markets and PNC Capital Markets LLC are the co-managers.
Proceeds will be added to the company’s general funds and be used to repay debt and for general corporate purposes.
The electric and natural gas utility is based in Minneapolis.
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