By Andrea Heisinger
New York, Aug. 21 - Washington Gas Light Co. priced $50 million in two-year floating-rate notes Thursday at par to yield three-month Libor plus 80 basis points, market sources said.
The notes are non-callable.
Bookrunners were Citigroup Global Markets Inc. and Wachovia Capital Markets.
The natural gas provider is based in Washington D.C.
| Issuer: | Washington Gas Light Co.
|
| Issue: | Floating-rate notes
|
| Amount: | $50 million
|
| Maturity: | 2010
|
| Bookrunners: | Citigroup Global Markets Inc., Wachovia Capital Markets
|
| Coupon: | Three-month Libor plus 80 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 80 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 21
|
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