By Cristal Cody
Chicago, March 11 – Evergy Missouri West Inc. sold $250 million of 3.75% first mortgage bonds with a 10-year tenor on Thursday, according to a market source.
The Kansas City, Mo., electric utility held fixed-income investor calls on Tuesday for the issue.
The notes priced with a Treasuries plus 175 basis points spread, 10 bps lower than talk in the 185 bps area.
MUFG, PNC Capital Markets LLC and Truist Securities, Inc. were bookrunners for the Rule 144A and Regulation S transaction.
| Issuer: | Evergy Missouri West Inc.
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| Amount: | $250 million
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| Issue: | First mortgage bonds
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| Maturity: | March 15, 2032
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| Bookrunners: | MUFG, PNC Capital Markets LLC and Truist Securities, Inc.
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| Coupon: | 3.75%
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| Spread: | Treasuries plus 175 bps
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| Trade date: | March 10
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 185 bps area
|
| Marketing: | Investor call
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