New Issue-PS Co of Colorado sells $600 mln 2-pt FMB

Wed Aug 6, 2008 1:48pm EDT
 
[-] Text [+]
  Aug 6 (Reuters) - Public Service Company of Colorado
(PSCo), a unit of Xcel Energy Inc (XEL.N), on Wednesday sold
$600 million first mortgage bonds in a two-part sale, said IFR,
a Thomson Reuters publication.
  Goldman Sachs and Lehman Brothers were the joint
bookrunning managers for the sale.
BORROWER: PUBLIC SERVICE COMPANY OF COLORADO
FIRST TRANCHE:
AMT $300 MLN       COUPON 5.80 PCT     MATURITY 8/1/2018   
TYPE 1ST MTG BDS   ISS PRICE 99.853    FIRST PAY 2/1/2009  
MOODY'S A3         YIELD 5.82 PCT      SETTLEMENT 8/13/2008
S&P SINGLE-A       SPREAD 175 BPS/     PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A       MORE THAN TREAS   MAKE-WHOLE CALL 30 BPS
SECOND TRANCHE:
AMT $300 MLN       COUPON 6.50 PCT     MATURITY 8/1/2038    
TYPE 1ST MTG BDS   ISS PRICE 99.598    FIRST PAY 2/1/2009   
MOODY'S A3         YIELD 6.531 PCT     SETTLEMENT 8/13/2008 
S&P SINGLE-A       SPREAD 185 BPS/     PAY FREQ SEMI-ANNUAL 
FITCH SINGLE-A       MORE THAN TREAS   MAKE-WHOLE CALL 30 BPS


 

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