trending Market Intelligence /marketintelligence/en/news-insights/trending/-g6yQsiSsGT6NZEHjLOtmQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

MidAmerican Energy sells $850M of 1st mortgage bonds

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

MidAmerican Energy sells $850M of 1st mortgage bonds

MidAmerican Energy Co. on Oct. 15 completed the sale of $850 million worth of first mortgage bonds to finance eligible green projects.

The offering consisted of $250 million of 3.65% bonds due 2029 and $600 million of 3.15% due 2050. Interest on the bonds is payable semiannually on each April 15 and Oct. 15, commencing April 15, 2020.

The 2029 bonds have a spread to benchmark Treasury of 75 basis points, while the 2050 bonds have a spread of 107 basis points. Both bonds were expected to be rated Aa2 by Moody's and A+ by S&P Global Ratings.

Citigroup Global Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and Scotia Capital (USA) Inc. served as joint book-running managers. BNP Paribas Securities Corp., nabSecurities LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, Santander Investment Securities Inc., SMBC Nikko Securities America Inc. and The Williams Capital Group LP acted as co-managers.

MidAmerican Energy is a subsidiary of Berkshire Hathaway Energy.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.