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

Thu Jun 25, 2009 1:57am IST
 
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 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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