today announced that its electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric, LLC, intends to sell through a private offering $200 million of general mortgage bonds due July 1, 2023
Due to higher than forecasted collections from the special sales tax revenues pledged to the bonds and other revenues dedicated to ERB retirement, the bonds, which have a nominal final maturity of July 1, 2023
, are now expected to be fully retired by January 1, 2010.
60 percent general mortgage bonds due July 1, 2023
, in a placement with institutions under Rule 144A.
The insurance policy extends to July 1, 2023
, the final maturity date of the bonds.
s $150 million of debentures due March 1, 2013, and $100 million of debentures due July 1, 2023
The bonds are due on July 1, 2023
and are subject to optional and mandatory redemption and tender prior to maturity.
Bond proceeds will current refund series 1993A (fixed rate) power supply revenue refunding bonds due July 1, 2023
DALLAS, July 6 /PRNewswire/ -- Central and South West Corporation (NYSE: CSR) announced today that Southwestern Electric Power Company (SWEPCO), one of its wholly owned operating subsidiaries, sold to underwriters in a negotiated offering $45 million of 7-1/4 percent First Mortgage Bonds, Series Z, due July 1, 2023
s (NI-Gas) shelf registration takedown of $50 million 7-3/8 percent first mortgage bonds due July 1, 2023
is rated 'AA+' by Fitch.
The insurance policy will extend to the maturity date of the bonds, which is July 1, 2023
1 and July 1, serially, in the amount of $533,970,000, from July 1, 2004 through July 1, 2023
, with term bonds of $69,960,000 due July 1, 2027 and $106,415,000 due July 1, 2031; the term bonds are subject to mandatory redemption.
4% term bonds due July 1, 2023
are affirmed at `A' by Fitch IBCA.