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New Issue-MidAmerican Energy sells $350 mln 10-yr notes

Wed Mar 19, 2008 11:57pm IST
 
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 March 19 (Reuters) - MidAmerican Energy Co., a unit of
MidAmerican Energy Holdings, a Berkshire Hathaway Corp (BRKa.N: Quote, Profile, Research)
(BRKb.N: Quote, Profile, Research) company, on Wednesday sold $350 million in 10-year
notes, said market sources.
 The size of the deal was increased from an originally
planned $250 million.
 Lehman Brothers and RBS Greenwich Capital were the joint
bookrunning managers for the sale.
BORROWER: MIDAMERICAN ENERGY HOLDINGS
AMT $350 MLN        COUPON 5.30 PCT    MATURITY 3/15/2018   
TYPE NOTES          ISS PRICE 99.657   FIRST PAY 9/15/2008  
MOODY'S A2          YIELD 5.345 PCT    SETTLEMENT 3/25/2008 
S&P A-MINUS         SPREAD 190 BPS     PAY FREQ SEMI-ANNUAL 
FITCH SINGLE-A       MORE THAN TREAS   MAKE-WHOLE-CALL 30 BPS

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