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New Issue-Kansas City Power & Light sells $400 mln in 10-yr FMBs

Thu Mar 19, 2009 2:34pm EDT

Stocks

    
 March 19 (Reuters) - Kansas City Power & Light Co, a unit
of Great Plains Energy Inc. (GXP.N), on Thursday sold $400
million of 10-year first mortgage bonds, said IFR, a Thomson
Reuters service.
 Bank of America, BNP Paribas and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: KANSAS CITY POWER AND LIGHT COMPANY
AMT $400 MLN       COUPON 7.15 PCT     MATURITY 4/1/2019  
TYPE 1ST MTG BDS   ISS PRICE 99.892    FIRST PAY 10/1/2009
MOODY'S A3         YIELD 7.165 PCT     SETTLEMENT 3/24/2009
S&P BBB-PLUS       SPREAD 460 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A           MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS



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