| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for Northern States Power Co. > News item |
Northern States Power to price 30-year first mortgage bonds
By Devika Patel
Knoxville, Tenn., Sept. 5 – Northern States Power Co. is selling first mortgage bonds due Sept. 1, 2048, according to a 424B5 filing with the Securities and Exchange Commission.
The notes feature a make-whole call until March 1, 2048 and then a par call.
Mizuho Securities USA Inc. and U.S. Bancorp Investments Inc. are the bookrunners.
Proceeds will be used to repay at maturity the company’s $150 million of 5.25% first mortgage bonds, series B, due Oct. 1, 2018 and to repay short-term debt.
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.