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
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