Northern States Power plans to sell 30-year mortgage bonds

By Lisa Kerner

Charlotte, N.C., May 23 – Northern States Power Co. is in Monday’s market with an offering of first mortgage bonds due May 15, 2046, according to a 424B5 filed with the Securities and Exchange Commission.

The bookrunners are BNY Mellon Capital Markets LLC, BofA Merrill Lynch, RBC Capital Markets Corp. and Scotiabank.

Proceeds will be added to the company’s general funds and will be used to repay short-term debt and for general corporate purposes.

The electric and natural gas utility is based in Minneapolis.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.