New Issue: CenterPoint Energy sells $300 million split-rated 6.5% 10-year notes at Treasuries plus 282 bps

By Andrea Heisinger

Omaha, May 1 - CenterPoint Energy, Inc. priced $300 million split-rated 6.5% 10-year senior notes Thursday to yield Treasuries plus 282 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Ba1/BBB-/BBB-) priced at 99.487 to yield 6.571%. They have a make-whole redemption option of Treasuries plus 45 bps.

Bookrunners were RBS Greenwich Capital Markets, Lehman Brothers Inc. and Wachovia Capital Securities LLC.

Co-managers were Barclays Capital Inc., HSBC Securities (USA) Inc., Lazard Capital Markets LLC, RBC Capital Markets Corp., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC.

The electricity and natural gas company is based in Houston.

Issuer:	CenterPoint Energy, Inc.
Issue:	Senior notes
Amount:	$300 million
Maturity:	May 1, 2018
Bookrunners:	RBS Greenwich Capital Markets, Lehman Brothers Inc., Wachovia Capital Securities LLC
Co-managers:	Barclays Capital Inc., HSBC Securities (USA) Inc., Lazard Capital Markets LLC, RBC Capital Markets Corp., SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC
Coupon:	6.5%
Price:	99.487
Yield:	6.571%
Spread:	Treasuries plus 282 bps
Call:	Make-whole at Treasuries plus 45 bps
Trade date:	May 1
Settlement date:	May 6
Ratings:	Moody's: Ba1
	Standard & Poor's: BBB-
	Fitch: BBB-

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