November 18, 2008 / 11:14 PM / 10 years ago

New Issue-Westar Energy sells $300 mln 10-yr in debt

  Nov 18 (Reuters) - Kansas electric utility Westar Energy
Inc WR.N on Tuesday sold $300 million in 10-year first
mortgage bonds, said market sources.
  The size of the deal was increased from an originally
planned $250 million.
  Deutsche Bank Securities and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: WESTAR ENERGY INC
AMT $300 MLN       COUPON 8.625 PCT    MATURITY 12/1/2018   
TYPE 1ST MTG BDS   ISS PRICE 99.174    FIRST PAY 6/1/2009   
MOODY'S Baa2       YIELD 8.75 PCT      SETTLEMENT 11/25/2008
S&P TRIPLE-B       SPREAD 521.3 BPS    PAY FREQ SEMI-ANNUAL 
FITCH BBB-PLUS       MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS

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