0001193125-19-085441.txt : 20190325 0001193125-19-085441.hdr.sgml : 20190325 20190325171932 ACCESSION NUMBER: 0001193125-19-085441 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190325 DATE AS OF CHANGE: 20190325 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERSTATE POWER & LIGHT CO CENTRAL INDEX KEY: 0000052485 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 420331370 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-222076-02 FILM NUMBER: 19703444 BUSINESS ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 BUSINESS PHONE: 3193984411 MAIL ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 20020103 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 19940107 FORMER COMPANY: FORMER CONFORMED NAME: IOWA ELECTRIC LIGHT & POWER CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTERSTATE POWER & LIGHT CO CENTRAL INDEX KEY: 0000052485 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 420331370 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 BUSINESS PHONE: 3193984411 MAIL ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 20020103 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 19940107 FORMER COMPANY: FORMER CONFORMED NAME: IOWA ELECTRIC LIGHT & POWER CO DATE OF NAME CHANGE: 19920703 FWP 1 d723776dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Dated March 25, 2019

Registration Statement No. 333-222076-02

INTERSTATE POWER AND LIGHT COMPANY

$300,000,000 3.60% Senior Debentures due 2029

Final Term Sheet

Dated March 25, 2019

 

Issuer:    Interstate Power and Light Company
Security Type:    Senior Debentures
Principal Amount:    $300,000,000
Maturity Date:    April 1, 2029
Coupon:    3.60%
Price to Public:    99.867% of the principal amount
Yield to Maturity:    3.616%
Benchmark Treasury:    2.625% UST due February 15, 2029
Benchmark Treasury Yield:    2.416%
Spread to Benchmark Treasury:    +120 bps
Interest Payment Dates:    April 1 and October 1, commencing on October 1, 2019
Optional Redemption – Reinvestment Rate:    Prior to January 1, 2029, make-whole call at Treasury +20 bps
Optional Redemption at Par:    On or after January 1, 2029
Trade Date:    March 25, 2019
Settlement Date:    April 1, 2019 (T+5)
CUSIP:    461070 AQ7
ISIN:    US461070AQ74
Anticipated Ratings*:    Baal/A- (Moody’s/S&P)
Joint Book-Running Managers:   

Barclays Capital Inc.

J.P. Morgan Securities LLC

Mizuho Securities USA LLC

Co-Managers:   

KeyBanc Capital Markets Inc.

U.S. Bancorp Investments, Inc.

Samuel A. Ramirez & Company, Inc.

 

* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

It is expected that delivery of the Debentures will be made against payment therefor on or about April 1, 2019, which will be the fifth business day following the date of pricing of the Debentures. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, by virtue of the fact that the Debentures initially will settle in T+5, purchasers who wish to trade the Debentures on the date of pricing of the Debentures or on the two succeeding business days should specify an extended settlement cycle at the time they enter into any such trade to prevent failed settlement and should consult their own advisors.

The issuer has filed a registration statement (including a prospectus) with the Securities & Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request a copy of these documents by calling Barclays Capital Inc. toll-free at (888) 603-5847, J.P. Morgan Securities LLC collect at 1-212-834-4533, or Mizuho Securities USA LLC toll-free at (866) 271-7403.

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers and other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.