Connecticut Light & Power to sell $300 million 30-year bonds Wednesday

By Aleesia Forni

Virginia Beach, May 13 – Connecticut Light and Power Co., doing business as Eversource Energy, is set to price $300 million of first and refunding mortgage bonds, 2015 series A, due 2045 on Wednesday, according to a market source and a 424B3 filing with the Securities and Exchange Commission.

The joint bookrunners are Citigroup Global Markets Inc., Goldman Sachs & Co., Wells Fargo Securities LLC, TD Securities (USA) LLC and U.S. Bancorp Investments Inc.

Williams Capital Group LP is the co-manager.

Proceeds will be used to refinance short-term debt.

The electric subsidiary of Northeast Utilities is based in Berlin, Conn.

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