Issuer: |
NiSource Finance Corp. | |
Guarantor: |
NiSource Inc. | |
Security: |
6.25% Notes due 2040 | |
Ratings |
Baa3 (stable)/BBB- (stable)/BBB- (stable) (Moodys/Standard & Poors/Fitch)* | |
Size: |
$250,000,000 | |
Public Offering Price: |
98.730% | |
Maturity: |
December 15, 2040 | |
Treasury Benchmark: |
3.875% due August 15, 2040 | |
US Treasury Yield: |
4.245% | |
Spread to Treasury: |
T+210 basis points | |
Re-offer Yield: |
6.345% | |
Optional Redemption Terms: |
Make-whole call at Treasury plus 35 basis points | |
Coupon: |
6.25% | |
Interest Payment Dates: |
June 15 and December 15 of each year beginning June 15, 2011 | |
Initial Interest Accrual Date |
December 8, 2010 | |
Format: |
SEC Registered | |
Transaction Date: |
December 1, 2010 | |
Expected Settlement Date: |
December 8, 2010 | |
CUSIP/ISIN |
65473QAW3 / US65473QAW33 | |
Joint Lead Managers: |
Deutsche Bank Securities Inc. | |
RBS Securities Inc. | ||
Co-Managers: |
BNP Paribas Securities Corp. | |
KeyBanc Capital Markets Inc. | ||
Mizuho Securities USA Inc. | ||
PNC Capital Markets LLC |
* | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |