Nov 13 (Reuters) - Pacific Gas and Electric Co, a unit of
PG&E Corp, on Thursday sold $600 million in a two-part
issue, said IFR, a Thomson Reuters publication.
The second tranche is an addition of $200 million to its existing 8.25 percent senior notes due October 2018. The total amount of notes now outstanding is $800 million.
JP Morgan, Morgan Stanley and RBS Greenwich Capital were the joint bookrunning managers for the sale.
BORROWER: PACIFIC GAS AND ELECTRIC CO
FIRST TRANCHE: AMT $400 MLN COUPON 6.25 PCT MATURITY 12/1//2013 TYPE SR NOTES ISS PRICE 99.258 FIRST PAY 6/1/2009 MOODY'S A3 YIELD 6.424 PCT SETTLEMENT 11/18/2008 S&P BBB-PLUS SPREAD 410 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
SECOND TRANCHE: AMT $200 MLN COUPON 8.25 PCT MATURITY 10/15/2018 TYPE ADD-ON NTS ISS PRICE 104.475 FIRST PAY 4/15/2009 MOODY'S A3 YIELD 7.598 PCT SETTLEMENT 11/18/2008 S&P BBB-PLUS SPREAD 395 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
Keywords: PACIFICGAS DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The second tranche is an addition of $200 million to its existing 8.25 percent senior notes due October 2018. The total amount of notes now outstanding is $800 million.
JP Morgan, Morgan Stanley and RBS Greenwich Capital were the joint bookrunning managers for the sale.
BORROWER: PACIFIC GAS AND ELECTRIC CO
FIRST TRANCHE: AMT $400 MLN COUPON 6.25 PCT MATURITY 12/1//2013 TYPE SR NOTES ISS PRICE 99.258 FIRST PAY 6/1/2009 MOODY'S A3 YIELD 6.424 PCT SETTLEMENT 11/18/2008 S&P BBB-PLUS SPREAD 410 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
SECOND TRANCHE: AMT $200 MLN COUPON 8.25 PCT MATURITY 10/15/2018 TYPE ADD-ON NTS ISS PRICE 104.475 FIRST PAY 4/15/2009 MOODY'S A3 YIELD 7.598 PCT SETTLEMENT 11/18/2008 S&P BBB-PLUS SPREAD 395 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
Keywords: PACIFICGAS DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.