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

Thu Mar 27, 2008 3:07pm EDT

Stocks

    
  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



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