trending Market Intelligence /marketintelligence/en/news-insights/trending/xt7b3b3gmiqfodxsim8bjq2 content esgSubNav
In This List

Northern States Power-Wisconsin sells $200M of bonds


Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy


Japan M&A By the Numbers: Q4 2023


See the Big Picture: Energy Transition in 2024

Northern States Power-Wisconsin sells $200M of bonds

Northern States Power Co.-Wisconsin sold $200 million of 4.20% first mortgage bonds due Sept. 1, 2048, to fund the repayment of $150 million of 5.25% series B bonds due Oct. 1 and the repayment of $30 million of short-term debt borrowings.

The balance of the net proceeds will be used for general corporate purposes. Pending such use, the Xcel Energy Inc. subsidiary may invest the proceeds temporarily in interest-bearing obligations.

Interest is payable semiannually on March 1 and Sept. 1, starting March 1, 2019. The bonds have a spread to benchmark Treasury of 115 basis points, according to a Sept. 5 free writing prospectus. The issue was expected to be rated Aa3 by Moody's, A by S&P Global Ratings and A+ by Fitch Ratings.

Mizuho Securities USA LLC and U.S. Bancorp Investments Inc. acted as joint book-running managers.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.