Basin Electric Power Cooperative markets $500 million of 30-year first mortgage bonds

By Cristal Cody

Tupelo, Miss., April 17 – Basin Electric Power Cooperative kicked off a round of fixed income investor calls on Monday for a $500 million offering of 30-year first mortgage bonds (A3/A/A), according to a market source.

MUFG, RBC Capital Markets, LLC and U.S. Bancorp Investments, Inc. are arranging the calls.

The bonds will be issued under Rule 144A and Regulation S.

Basin Electric Power Cooperative is an electric generation and transmission cooperative based in Bismarck, N.D.

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