Xcel Energy Inc. issued $130 million of 4.00% senior notes due June 15, 2028, according to a May 28 filing.

Interest on the notes is payable semiannually on June 15 and Dec. 15, beginning on June 15, 2019.

The notes have a reoffer spread of 97.90 basis points. They were rated Baa1 by Moody's and BBB+ by S&P Global Ratings and Fitch Ratings.

Xcel Energy plans to use net proceeds to repay a portion of its outstanding short-term borrowings and for other general corporate purposes. As of March 31, the company had $1.25 billion of short-term borrowings outstanding on a consolidated basis.

Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. served as joint book-running managers.