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New Issue-Oklahoma Gas & Electric sells $250 mln notes

Thu Sep 4, 2008 2:56pm EDT
 
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 Sept 4 (Reuters) - Oklahoma Gas and Electric Co, a
subsidiary of OGE Energy Corp (OGE.N: Quote, Profile, Research, Stock Buzz), on Thursday sold $250
million of 10-year senior notes, said IFR, a Thomson Reuters
publication.
 UBS Investment Bank and Wachovia Securities were the joint
bookrunning managers for the sale.
BORROWER: OKLAHOMA GAS AND ELECTRIC COMPANY
AMT $250 MLN       COUPON 6.35 PCT     MATURITY 9/1/2018    
TYPE SR NOTES      ISS PRICE 99.645    FIRST PAY 3/1/2009   
MOODY'S A2         YIELD 6.399 PCT     SETTLEMENT 9/9/2008  
S&P BBB-PLUS       SPREAD 275 BPS/     PAY FREQ SEMI-ANNUAL 
FITCH AA-MINUS      MORE THAN TREAS    MAKE-WHOLE CALL 45 BPS

 

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