By Marisa Wong and Cristal Cody
Los Angeles, March 2 – KeySpan Gas East Corp. priced $500 million of 5.994% 10-year notes (//A-) on Wednesday with a spread of 200 basis points over Treasuries, according to a market source.
Initial price talk was in the Treasuries plus 220 bps area.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC are the bookrunners.
The utility is based in Hicksville, N.Y.
Issuer: | KeySpan Gas East Corp.
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Amount: | $500 million
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Issue: | Notes
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Maturity: | March 6, 2033
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Bookrunners: | Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC
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Coupon: | 5.994%
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Spread: | Treasuries plus 200 bps
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Trade date: | March 1
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Rating: | Fitch: A-
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Initial price talk: | Treasuries plus 220 bps area
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