trending Market Intelligence /marketintelligence/en/news-insights/trending/SKzmowFWSA-OatSiQBQr-w2 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

In This List

AEP Texas to sell $450M in senior notes

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico

AEP Texas to sell $450M in senior notes

AEP Texas Inc. entered an underwriting agreement to sell $450 million of 3.45% series H senior notes, due 2050.

The interest is payable semiannually on Jan. 15 and July 15, starting July 15, 2020, according to a prospectus. The notes are expected to be rated Baa1 by Moody's and A- by S&P Global Ratings.

The net proceeds will be used to repay advances from affiliates and for other general corporate purposes. As of Nov. 27, the American Electric Power Co. Inc. utility had $202 million outstanding in advances from affiliates. The company may invest the proceeds temporarily in short-term, interest-bearing obligations if not used immediately.

BNP Paribas Securities Corp., Crédit Agricole Securities (USA) Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America Inc., TD Securities (USA) LLC and BBVA Securities Inc. are the underwriters.