Filed Pursuant to Rule 433
Registration Statement No. 333-145223
October 18, 2007
Registration Statement No. 333-145223
October 18, 2007
PRICING TERM SHEET
(to Preliminary Prospectus Supplement dated October 18, 2007)
(to Preliminary Prospectus Supplement dated October 18, 2007)
6.125% Senior Notes due 2017
Issuer:
|
CenterPoint Energy Resources Corp. | |
Security:
|
6.125% Senior Notes due 2017 | |
Size:
|
$250,000,000 | |
Maturity Date:
|
November 1, 2017 | |
Coupon:
|
6.125% | |
Interest Payment Dates:
|
May 1 and November 1, commencing May 1, 2008 | |
Record Dates:
|
April 15 and October 15 | |
Price to public:
|
99.658% | |
Benchmark Treasury: |
4.75% due August 15, 2017 | |
Benchmark Treasury Yield:
|
4.521% | |
Spread to Benchmark Treasury:
|
+ 165 bp | |
Yield: |
6.171% | |
Make-whole call:
|
At any time at a discount rate of Treasury plus 25 basis points | |
Expected Settlement Date:
|
October 23, 2007 | |
CUSIP: |
15189W AC4 | |
Anticipated Ratings:
|
Baa3 by Moody’s Investors Service, Inc. BBB by Standard & Poor’s Ratings Services BBB by Fitch Ratings |
|
Joint Book-Running Managers:
|
Citigroup Global Markets Inc. Morgan Stanley & Co. Incorporated UBS Securities LLC |
|
Co-Managers:
|
Comerica Securities, Inc. HSBC Securities (USA) Inc. Scotia Capital (USA) Inc. SunTrust Robinson Humphrey, Inc. Wachovia Capital Markets, LLC The Williams Capital Group, L.P. |
6.625% Senior Notes due 2037
Issuer:
|
CenterPoint Energy Resources Corp. | |
Security:
|
6.625% Senior Notes due 2037 | |
Size:
|
$250,000,000 | |
Maturity Date:
|
November 1, 2037 | |
Coupon:
|
6.625% | |
Interest Payment Dates:
|
May 1 and November 1, commencing May 1, 2008 | |
Record Dates:
|
April 15 and October 15 | |
Price to public:
|
98.995% | |
Benchmark Treasury: |
4.75% due February 15, 2037 | |
Benchmark Treasury Yield:
|
4.803% | |
Spread to Benchmark Treasury:
|
+ 190 bp | |
Yield: |
6.703% | |
Make-whole call:
|
At any time at a discount rate of Treasury plus 30 basis points | |
Expected Settlement Date:
|
October 23, 2007 | |
CUSIP: |
15189W AD2 | |
Anticipated Ratings:
|
Baa3 by Moody’s Investors Service, Inc. BBB by Standard & Poor’s Ratings Services BBB by Fitch Ratings |
|
Joint Book-Running Managers:
|
Citigroup Global Markets Inc. Morgan Stanley & Co. Incorporated UBS Securities LLC |
|
Co-Managers:
|
Comerica Securities, Inc. HSBC Securities (USA) Inc. Scotia Capital (USA) Inc. SunTrust Robinson Humphrey, Inc. Wachovia Capital Markets, LLC The Williams Capital Group, L.P. |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be
subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with 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 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, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you request it by calling
Citigroup Global Markets Inc. toll free at 1-877-858-5401, Morgan Stanley & Co. Incorporated at
1-866-718-1649 or UBS Securities LLC
at 1-888-722-9555, ext. 1088.