Westar Energy eyeing issue of first mortgage bonds

By Aleesia Forni

Virginia Beach, Va., Aug. 12 - Westar Energy Inc. is planning to sell an issue of first mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission.

Mitsubishi UFJ Securities, UBS Investment Bank and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to provide long-term funds to finance the company's ongoing capital program, as well as repaying short-term debt under its commercial paper program.

The electric utility is based in Topeka, Kan.

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