By Andrea Heisinger
New York, May 18 - Central Maine Power Co. priced $150 million of 5.7% 10-year first mortgage bonds Monday to yield Treasuries plus 250 basis points, an informed source said.
The notes (A3/A/) priced at 99.9 to yield 5.713%.
There is a make-whole call at Treasuries plus 37.5 bps.
Bookrunners were Bank of New York Mellon and Wachovia Capital Markets LLC.
The electric company is based in Augusta, Maine.
| Issuer: | Central Maine Power Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $150 million
|
| Maturity: | June 1, 2019
|
| Bookrunners: | Bank of New York Mellon, Wachovia Capital Markets LLC
|
| Coupon: | 5.7%
|
| Price: | 99.9
|
| Yield: | 5.713%
|
| Spread: | Treasuries plus 250 bps
|
| Call: | Make-whole at Treasuries plus 37.5 bps
|
| Trade date: | May 18
|
| Settlement date: | May 21
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
