New Issue-Avista Corp sells $250 mln 10-yr 1st mtg bds

March 27 (Reuters) - Electricity and natural gas
distributor Avista Corp (AVA.N) on Thursday sold $250 million
of 10-year first mortgage bonds, said market sources.

UBS Investment Bank, BNY Capital Markets and Goldman Sachs
were the joint bookrunning managers for the sale.
BORROWER: AVISTA CORPORATION
AMT $250 MLN COUPON 5.95 PCT MATURITY 6/1/2018
TYPE 1ST MTG BDS ISS PRICE 99.666 FIRST PAY 12/1/2008
MOODY'S Baa2 YIELD 5.992 PCT SETTLEMENT 4/3/2008
S&P BBB-PLUS SPREAD 250 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE