By Devika Patel
New York, Aug. 8 - Wisconsin Power and Light Co. priced a $300 million issue of 30-year debentures Wednesday to yield Treasuries plus 137.5 basis points, according to an FWP filing with the Securities and Exchange Commission.
The 6 3/8% notes priced at 99.431 to yield 6.418%.
Banc of America Securities LLC and Merrill Lynch and Pierce, Fenner & Smith Inc. were the joint bookrunning managers with Citigroup Global Markets Inc. and KeyBanc Capital Markets Inc. as co-managers.
Madison, Wis.-based Wisconsin Power and Light illuminates central and southern Wisconsin.
Issuer: Wisconsin Power and Light Co.
| Amount: | $300 million
|
| Maturity: | Aug. 15, 2037
|
| Security description: | Debentures
|
| Bookrunners: | Banc of America Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc. Coupon: | 6.375%
|
| Price: | 99.431
|
| Yield: | 6.418%
|
| Spread: | 137.5 bps
|
| Call: | Make-whole call at Treasuries plus 25 bps
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 15
|
| Ratings: | Moody's: A2
|
| | Standard & Poor's: A-
|
| Distribution: | Registered
|
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