By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Nov. 28 – Evergy Missouri West Inc. sold $300 million of 5.15% first mortgage bonds with a five-year tenor on Monday, according to a market source.
The notes priced with a Treasuries plus 130 basis points spread, 20 bps lower than talk in the 150 bps area.
BofA Securities Inc., BNY Mellon Capital Markets LLC, Goldmans Sachs & Co. LLC, Regions Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC were bookrunners for the Rule 144A and Regulation S transaction.
The electric utility is based in Kansas City, Mo.
| Issuer: | Evergy Missouri West Inc.
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| Amount: | $300 million
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| Issue: | First mortgage bonds
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| Maturity: | Dec. 15, 2027
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| Bookrunners: | BofA Securities Inc., BNY Mellon Capital Markets LLC, Goldmans Sachs & Co. LLC, Regions Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC
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| Coupon: | 5.15%
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| Spread: | Treasuries plus 130 bps
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| Trade date: | Nov. 28
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 150 bps area
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