debt
confidence high
sentiment neutral
materiality 0.50
NSTAR Electric issues $600M of 5.40% debentures due 2034
NSTAR ELECTRIC CO
- Issued $600M aggregate principal of 5.40% Debentures due June 1, 2034; interest payable semi-annually.
- Underwriters include BofA Securities, Mizuho, PNC Capital Markets, RBC Capital Markets, Wells Fargo Securities.
- Debentures issued under indenture dated 1988 with Bank of New York Mellon as trustee.
- Interest accrues from May 22, 2024, computed on 30/360 basis; first payment Dec 1, 2024.
- Registered under SEC Form S-3 (File No. 333-264278-02).