Issuer: | CenterPoint Energy Houston Electric, LLC | |||
Security: | 7.00% General Mortgage Bonds, Series U, due 2014 | |||
Legal Format: | SEC Registered | |||
Size: | $500,000,000 | |||
Trade Date: | January 6, 2009 | |||
Expected Settlement Date: | January 9, 2009 | |||
Maturity Date: | March 1, 2014 | |||
Coupon: | 7.00% | |||
Interest Payment Dates: | March 1 and September 1, commencing September 1, 2009 | |||
Price to Public: | 99.978% | |||
Benchmark Treasury: | 1.500% due December 31, 2013 | |||
Benchmark Treasury Yield: | 1.714% | |||
Spread to Benchmark Treasury: | +528.6 basis points | |||
Re-offer Yield: | 7.00% | |||
Make-whole call: | At any time at a discount rate of Treasury plus 50 basis points | |||
CUSIP: | 15189X AJ7 | |||
Anticipated Ratings: | Moodys
|
Baa2 | ||
Standard & Poors
|
BBB+ | |||
Fitch
|
BBB+ | |||
Joint Book-Running Managers: | Credit Suisse Securities (USA) LLC | |||
Scotia Capital (USA) Inc. | ||||
UBS Securities LLC | ||||
Co-Managers: | Comerica Securities, Inc. | |||
HSBC Securities (USA) Inc. | ||||
Mitsubishi UFJ Securities International plc | ||||
RBC Capital Markets Corporation | ||||
SunTrust Robinson Humphrey, Inc. | ||||
Wells Fargo Securities, LLC |