New Issue-Northern States Power sells $800 mln in 2 parts

Mon Aug 6, 2012 3:58pm EDT

Aug 6 (Reuters) - Northern States Power Co on
Monday sold $800 million of first mortgage bonds in two parts,
said market sources. 
    JP Morgan, UBS, and Wells Fargo were the active joint
bookrunning managers for the sale.

BORROWER: NORTHERN STATES POWER CO 

TRANCHE 1
AMT $300 MLN    COUPON 2.15 PCT    MATURITY    08/15/2022
TYPE FMB        ISS PRICE 99.848   FIRST PAY   02/15/2013
MOODY'S A1      YIELD 2.167 PCT    SETTLEMENT  08/13/2012
S&P SINGLE-A    SPREAD 63 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS     MORE THAN TREAS   MAKE-WHOLE CALL 10 BPS
    
TRANCHE 2
AMT $500 MLN    COUPON 3.4 PCT     MATURITY    08/15/2042
TYPE FMB        ISS PRICE 99.236   FIRST PAY   02/15/2013
MOODY'S A1      YIELD 3.441 PCT    SETTLEMENT  08/13/2012
S&P SINGLE-A    SPREAD 83 BPS      PAY FREQ    SEMI-ANNUAL
FITCH A-PLUS     MORE THAN TREAS   MAKE-WHOLE CALL 15 BPS
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