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New Issue-Pacific Gas & Electric sells $550 mln debt

Tue Nov 10, 2009 1:54pm EST
 
 Nov 10 (Reuters) - Pacific Gas & Electric on Tuesday sold
$550 million of senior unsecured notes, said IFR, a Thomson
Reuters service.
 Bank of America, Deutsche Bank, and RBS were the joint
bookrunning managers for the sale.
BORROWER: PACIFIC GAS & ELECTRIC
AMT $550 MLN      COUPON 5.40 PCT     MATURITY 1/15/2040 
TYPE SR NTS       ISS PRICE 98.579    FIRST PAY 7/15/2010
MOODY'S A3        YIELD 5.496 PCT     SETTLEMENT 11/18/2009
S&P BBB-PLUS      SPREAD 110 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-SINGLE     MORE THAN TREAS    MAKE-WHOLE CALL 20 BPS

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