Issuer:
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Public Service Company of Colorado (a Colorado corporation)
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Issue Format:
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SEC Registered
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Expected Ratings*:
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A1/A/A+ (Stable/Stable/ Stable) (Moody’s/Standard & Poor’s/Fitch)
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Security Type:
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First Mortgage Bonds
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Pricing Date:
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March 3, 2014
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Settlement Date:
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March 10, 2014 (T+5)
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Interest Payment Dates:
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Each March 15 and September 15, commencing September 15, 2014
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Principal Amount:
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$300,000,000
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Maturity Date:
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March 15, 2044
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Reference Benchmark:
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3.750% due November 15, 2043
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Benchmark Price:
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103-19+
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Benchmark Yield:
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3.552%
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Re-offer Spread:
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+77 bps
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Re-offer Yield:
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4.322%
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Coupon:
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4.30%
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Price to Public:
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99.631%
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Net Proceeds to Issuer:
Make-Whole Call:
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$296,268,000 (before transaction expenses)
Prior to September 15, 2043, T+15 bps
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Par Call:
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On or after September 15, 2043 at par
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CUSIP/ISIN:
Minimum Denominations:
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744448CK5/US744448CK56
$1,000
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Joint Book-Running Managers:
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BNP Paribas Securities Corp.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Scotia Capital (USA) Inc.
U.S. Bancorp Investments, Inc.
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