By Lisa Kerner
Charlotte, N.C., Oct. 1 - Portland General Electric Co. will sell $150 million of its first mortgage bonds to some institutional buyers in a private placement on or about Nov. 3, according to a form 8-K filed with the Securities and Exchange Commission.
The bonds bear interest at an annual rate of 5.43% and mature on May 3, 2040.
Portland General Electric is a vertically integrated electric utility based in Portland, Ore.
| Issuer: | Portland General Electric Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $150 million
|
| Maturity: | May 3, 2040
|
| Coupon: | 5.43%
|
| Settlement date: | Nov. 3
|
| Distribution: | Private placement
|
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