By Andrea Heisinger
New York, June 10 - Wisconsin Power & Light Co. sold $150 million of 4.6% 10-year senior unsecured debentures on Thursday to yield 135 basis points over Treasuries, a source who worked on the sale said.
The notes (A2/A-/) priced at 99.833 to yield 4.621%. They have a make-whole call at Treasuries plus 20 bps.
Bookrunners were RBS Securities Inc. and UBS Investment Bank. Passive bookrunners were Barclays Capital Inc., J.P. Morgan Securities Inc. and KeyBanc Capital Markets Inc.
Proceeds are being used to repay short-term debt and to invest in short-term assets, fund capital expenditures consisting of wind farms and pollution control equipment and for working capital.
The electric and natural gas subsidiary of Alliant Energy Co. is based in Madison, Wis.
| Issuer: | Wisconsin Power & Light Co.
|
| Issue: | Senior unsecured debentures
|
| Amount: | $150 million
|
| Maturity: | June 15, 2020
|
| Bookrunners: | RBS Securities Inc., UBS Investment Bank (active), Barclays Capital Inc., J.P. Morgan Securities Inc., KeyBanc Capital Markets Inc. (passive)
|
| Coupon: | 4.6%
|
| Price: | 99.833
|
| Yield: | 4.621%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
| Trade date: | June 10
|
| Settlement date: | June 15
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
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