New Issue-NStar sells $350 mln in 10-yr notes

Thu Nov 12, 2009 6:17pm GMT
[-] Text [+]
  Nov 12 (Reuters) - NStar (NST.N: Quote, Profile, Research), which distributes
electricity and natural gas, on Thursday sold $350 million of
senior unsecured debt, said IFR, a Thomson Reuters service.
  Bank of America and Goldman Sachs were the joint
bookrunning managers for the sale.
BORROWER: NSTAR
AMT $350 MLN      COUPON 4.50 PCT     MATURITY 11/15/2019
TYPE SR UNSC      ISS PRICE 99.167    FIRST PAY 5/15/2010
MOODY'S A2        YIELD 4.605 PCT     SETTLEMENT 11/17/2009
S&P A-SINGLE      SPREAD 112.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH A-SINGLE     MORE THAN TREAS    NON-CALLABLE       

 
 

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