New Issue-Rochester G&E sells $150 mln in 10-yr 1st mtge bonds

une 24 (Reuters) - Rochester Gas & Electric Corp, a unit of
Iberdrola SA (IBE.MC: Quote, Profile, Research) on Wednesday sold $150 million of first
mortgage bonds in the 144a private placement market, said IFR,
a Thomson Reuters service.

Bank of America, J.P. Morgan, and UBS were the joint
bookrunning managers for the sale.
BORROWER: ROCHESTER GAS & ELECTRIC CORP
AMT $150 MLN COUPON 5.90 PCT MATURITY 6/15/2019
TYPE FMB ISS PRICE 99.861 FIRST PAY 1/15/2010
MOODY'S Baa1 YIELD 5.918 PCT SETTLEMENT 6/29/2009
S&P BBB-PLUS SPREAD 225 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB MORE THAN TREAS MAKE-WHOLE CALL 35 BPS