Published on 7/31/2017 in the Prospect News Investment Grade Daily.
New Issue: Boston Gas prices $500 million 3.15% 10-year notes at 87 bps spread
By Cristal Cody
Tupelo, Miss., July 31 – Boston Gas Co. sold $500 million of 3.15% 10-year senior notes (A3/A-) on Monday at a spread of 87 basis points over Treasuries, according to a market source.
Goldman Sachs & Co., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Lloyds Securities Inc. were the lead managers.
Boston Gas is a gas distribution company based in Waltham, Mass.
| Issuer: | Boston Gas Co.
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Aug. 1, 2027
|
| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Lloyds Securities Inc.
|
| Coupon: | 3.15%
|
| Spread: | Treasuries plus 87 bps
|
| Trade date: | July 31
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
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