New Issue-Massachusetts Electric sells $800 mln notes
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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