Connecticut Light and Power eyeing $250 million 30-year mortgage bonds

By Aleesia Forni

Virginia Beach, April 14 – Connecticut Light and Power Co. is set to price $250 million of first and refunding mortgage bonds, 2014 series A, due April 15, 2044, according to a 424B3 filing with the Securities and Exchange Commission.

The joint bookrunners are Barclays, Goldman Sachs & Co., Citigroup Global Markets Inc., TD Securities (USA) LLC and U.S. Bancorp Investments Inc.

Ramirez & Co. is the co-manager.

Proceeds will be used to refinance short-term debt.

The electric subsidiary of Northeast Utilities is based in Berlin, Conn.

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