Issuer: | AEP Texas Inc. | |
Expected Ratings*: | Baa1 (stable) by Moody’s Investors Service, Inc. A- (stable) by S&P Global Ratings | |
Designation: | Senior Notes, Series G, due 2049 | |
Principal Amount: | $300,000,000 | |
Maturity: | May 1, 2049 | |
Coupon: | 4.15% | |
Interest Payment Dates: | May 1 and November 1 | |
First Interest Payment Date: | November 1, 2019 | |
Treasury Benchmark: | 3.375% due November 15, 2048 | |
Treasury Yield: | 2.958% | |
Reoffer Spread: | T+120 basis points | |
Yield to Maturity: | 4.158% | |
Price to Public: | 99.864% of the principal amount thereof | |
Transaction Date: | April 29, 2019 | |
Settlement Date: | May 1, 2019 (T+2) | |
Redemption Terms: | ||
Make-whole call: | Prior to November 1, 2048 at a discount rate of the Treasury Rate plus 20 basis points | |
Par call: | On or after November 1, 2048 at par | |
Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
CUSIP/ISIN: | 00108W AJ9/US00108WAJ99 | |
Joint Book-Running Managers: | Citigroup Global Markets Inc. Scotia Capital (USA) Inc. TD Securities (USA) LLC | |
Co-Manager: | The Huntington Investment Company |