Oklahoma utility sells $140 million of 30-year senior notes
Oklahoma Gas and Electric Company (OG&E), the power utility subsidiary of OGE Energy Corp, has sold $140 million of 6.5% 30-year senior notes to help finance a power plant purchase.
The notes, due August 1, 2034, are priced at 99.87% of par to yield 6.51%, or 135 basis points over the comparable US Treasury issue. Rated A2 by Moody’s Investors Service, BBB+ by Standard & Poor’s and AA– by Fitch, the notes are
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