New Issue - National Fuel Gas sells $300 mln in notes

Tue Apr 8, 2008 11:12pm BST
[-] Text [+]
  April 8 (Reuters) - National Fuel Gas Co (NFG.N: Quote, Profile, Research), a
diversified natural gas exploration and distribution company,
on Tuesday sold $300 million of 10-year notes in the 144a
private placement market, said market sources.
  Banc of America Securities, BNY Capital Markets and JP
Morgan were the joint bookrunning managers for the sale.
BORROWER: NATIONAL FUEL GAS CO
AMT $300 MLN    COUPON 6.50 PCT     MATURITY 4/15/2018
TYPE NOTES      ISS PRICE 99.535    FIRST PAY 10/15/2008
MOODY'S Baa1    YIELD 6.564 PCT     SETTLEMENT 4/11/2008
S&P BBB-PLUS    SPREAD 300 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    MAKE-WHOLE CALL 45 BPS
*$101 COC PUT

 
 
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