New Issue-Massachusetts Electric sells $800 mln notes

Tue Nov 10, 2009 8:42pm GMT
[-] Text [+]
  Nov 10 (Reuters) - Massachusetts Electric Co on Tuesday
sold $800 million of senior unsecured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  Citigroup, BNY Capital Markets, Mizuho Securities, and
Wells Fargo were the joint bookrunning managers for the sale.
BORROWER: MASSACHUSETTS ELECTRIC COMPANY
AMT $800 MLN      COUPON 5.90 PCT     MATURITY 11/15/2039
TYPE SR NTS       ISS PRICE 99.666    FIRST PAY 5/15/2010
MOODY'S A3        YIELD 5.924 PCT     SETTLEMENT 11/18/2009
S&P A-MINUS       SPREAD 150 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS

 
 
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