Eversource Energy (ES) 2023-4

USD450.0003May-26Sr. UnsecuredBaa1BBB+BBB+FixedTsyT+125 aT+1051054.75%1099.94100
USD550.0005Mar-28Sr. UnsecuredBaa1BBB+BBB+FixedTsyT+145 aT+1301305.45%15102.73200
USD800.00010May-33Sr. UnsecuredBaa1BBB+BBB+FixedTsyT+185 aT+162.5162.55.13%1099.84400
Tranche Comments
3 yr: Book size: 1600; First Pay: 2023-11-15; Registration: Registered; Comments: US$450m 4.75% cpn 3yr (5/15/26) at 99.941, yld 4.771%. Spread: T+105bp. MWC T+20bp. LEI: SJ7XXD41SQU3ZNWUJ746; 5 yr: Book size: 1200; First Pay: 2023-11-15; Redemption: 2028-02-01; Registration: Registered; Comments: US$550m 5yr Tap of the 5.45 03/01/28 at 102.732 , yld 4.796%. Spread: T+130bp. Par Call: 1m. LEI: SJ7XXD41SQU3ZNWUJ746; 10 yr: Book size: 2400; First Pay: 2023-11-15; Redemption: 2033-02-15; Registration: Registered; Comments: US$800m 5.125% cpn 10yr (5/15/33) at 99.844, yld 5.145%. Spread: T+162.5bp. MWC T+25bp. Par Call: 3m. LEI: SJ7XXD41SQU3ZNWUJ746;
Deal Comments
Joint Bookrunners: CTI(B&D) (3yr), GSC(B&D) (5yr), BRC(B&D) (10yr); 3yr: PNC, BNY, KEY, USB; 5yr: MIZ, TDS, RBC, MOS. 10yr: MUF, WFS, BAM, JPM. US$550m tap of the 5.45% due 3/1/2028
Use of Proceeds
Repay debt

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