New Issue-Pacific Gas & Electric sells $550 mln debt
Nov 10 (Reuters) - Pacific Gas & Electric on Tuesday sold $550 million of senior unsecured notes, said IFR, a Thomson Reuters service.
Bank of America, Deutsche Bank, and RBS were the joint bookrunning managers for the sale. BORROWER: PACIFIC GAS & ELECTRIC AMT $550 MLN COUPON 5.40 PCT MATURITY 1/15/2040 TYPE SR NTS ISS PRICE 98.579 FIRST PAY 7/15/2010 MOODY'S A3 YIELD 5.496 PCT SETTLEMENT 11/18/2009 S&P BBB-PLUS SPREAD 110 BPS PAY FREQ SEMI-ANNUAL FITCH A-SINGLE MORE THAN TREAS MAKE-WHOLE CALL 20 BPS
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