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MidAmerican prices increased Topaz solar bond issue
17 February 2012
MidAmerican Energy has priced an $850 million senior secured bond issue for the 550MW Topaz solar project.
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[topaz]
[midamerican]
[first solar]
[california]
[pg&e]
MidAmerican Energy has priced an $850 million senior secured bond issue for the 550MW Topaz solar project. The 144A regulation S issue, which matures in 2039, priced at 379.9bp over ten-year treasuries and carries an all-in coupon of 5.75%. The sponsor increased the issue size by $150 million after the deal attracted $1.2 billion in orders from more than 60 investors. Barclays Capital, Citi and Royal Bank of...
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