New Issue-PSALM sells $600 mln in notes

Mon Nov 23, 2009 3:41pm EST 

  Nov 23 (Reuters) - Power Sector Assets & Liabilities Corp
on Monday sold $600 million of senior unsecured notes in the
144a private placement market, said IFR, a Thomson Reuters
service.
 Deutsche Bank, Morgan Stanley, and UBS were the joint
bookrunning managers for the sale.
BORROWER: PSALM
AMT $600 MLN      COUPON 7.39 PCT     MATURITY 12/2/2024 
TYPE SR UNSC NTS  ISS PRICE 100       FIRST PAY 6/2/2010 
MOODY'S Ba3       YIELD N/A           SETTLEMENT 12/2/2009
S&P BB-MINUS      SPREAD 401.4 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS 
((New Issue by Thomson Reuters; +1-646-223-6886 e-mail:
uscorpbonds@reuters.com))
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