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Article: Interstate Power Prices $300 Million Of Debentures.
- Article from:
- Investrend
- Article date:
- July 8, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jul 08, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/07/08/interstate-power-prices-300-million-of-debentures/)
July 8, 2009 (FinancialWire) -- Alliant Energy Co.'s (NYSE: LNT) Interstate Power and Light Co. subsidiary has priced a public offering of $300 million of senior debentures. The debentures have an interest rate of 6.25% and will be due in 2039.
The company plans to apply the around $295.2 million in net proceeds from the offering initially to repay short-term debt, including debt it incurred to fund capital expenditures on an interim basis.
Interstate will also invest in short-term ...
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