Energy capital raises in 2015: Exelon Generation’s $750M debt issue leads quiet week of offerings

摘要

As of Jan. 9, the energy industry had raised $1.00 billion of seniorndebt, consisting of Exelon Corp. subsidiary Exelon Generation Co.nLLC’s $750 million note offering and Pinnacle West Capital Corp.nsubsidiary Arizona Public Service Co.’s offering of $250 million ofnsenior notes. Exelon Generation on Jan. 8 completed an offeringnof $750 million of 2.950% senior notes due Jan. 15, 2020. The notesnhave a spread to benchmark Treasury of 145 basis points. The issuenwas rated Baa2 by Moody’s, BBB by Standard & Poor’s RatingsnServices and BBB+ by Fitch Ratings.