Printer Friendly

IOWA SOUTHERN TO ISSUE BONDS

 IOWA SOUTHERN TO ISSUE BONDS
 CENTERVILLE, Iowa, Aug. 27 /PRNewswire/ -- Iowa Southern Utilities


Co., a subsidiary of IES Industries (NYSE: IES), today announced that it has retained Goldman Sachs & Co. to underwrite $30 million of its first mortgage bonds. The bonds, which will mature Sept. 1, 2007, carry a coupon rate of 7.25 percent, will be priced to yield 7.38 percent, and are non-refundable prior to Sept. 1, 2002.
 Iowa Southern plans to use the proceeds to redeem higher cost mortgage bonds and preferred stock. The net cost to Iowa Southern will be 7.51 percent.
 -0- 8/27/92
 /CONTACT: Denny Vass of Iowa Southern Utilities Co., 319-398-4475/
 (IES) CO: Iowa Southern Utilities ST: Iowa IN: OIL SU:


DG -- SF007 -- 4060 08/27/92 15:32 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 27, 1992
Words:130
Previous Article:ALAMO RENT A CAR REMAINS OPEN FOR BUSINESS FOLLOWING HURRICANE ANDREW
Next Article:JACOR ANNOUNCES EXTENSION OF DEBT MATURITIES
Topics:


Related Articles
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
MIDWEST POWER SYSTEMS $425 MILLION MORTGAGE BONDS RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
IOWA ELECTRIC POWER & LIGHT 'A' FIRST MORTGAGE BONDS AFFIRMED BY FITCH -- FITCH FINANCIAL WIRE --
IOWA ELECTRIC TO ISSUE BONDS
IOWA ELECTRIC TO ISSUE BONDS
IOWA-ILLINOIS G&E $100 MILLION 1ST MORTGAGE BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
IES UTILITIES TO REQUEST RECONSIDERATION OF BOARD DECISION
Rate Reduction Bonds Sold by Southern California Edison
Southern California Edison Company Concludes Invitation to Tender.
Cordova Funding Corporation Announces Closing of $225 Million Senior Secured Bonds.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters