s collateral trust bonds
incorporate these strengths: -- Sound capitalization based on Standard & Poor's capital adequacy model for bond insurance companies; -- Nominal historical losses and expected improvement in the loan portfolio's performance, resulting from the declining prevalence of generation loans; and -- Experienced senior management that possesses a thorough understanding of the rural electric cooperative industry.
Wednesday announced that it has commenced an offer to exchange its outstanding $140 million principal amount of First Collateral Trust Bonds
, 7 1/2% Series A Due 2008, for an equal principal amount of First Collateral Trust Bonds
, 7 1/2% Series B Due 2008, which have been registered with the Securities and Exchange Commission.
28 /PRNewswire/ -- Texas Utilities Electric Company (NYSE: TXU) (TU Electric) today announced plans to redeem all of the outstanding $100 million principal amount of its First Mortgage and Collateral Trust Bonds
, 9% Series due April 1, 2022.
A-' first collateral trust bonds
, 'BBB+' sinking fund debentures, 'BBB' preferred stock, 'F-1' commercial paper
570 million of fixed-rate Collateral Trust Bonds
rated A+/A+/A1 by Fitch Ratings, Standard & Poor's and Moody's Investors Service, respectively.
The filing registers $500 million of new secured first collateral trust bonds
or unsecured senior debt securities.
DCR's ratings for PPW are as follows: first mortgage and collateral trust bonds
and medium-term notes 'A' (Single-A); quarterly income preferred securities, quarterly income debt securities, trust preferred securities and preferred stock 'A-' (Single-A-Minus); and commercial paper 'D-1' (D-One).
In March 2003, PSCo issued $250 million of First Collateral Trust Bonds
at an interest rate of 4.
The re-rating of the QUICS does not adversely affect ratings on CFC's other obligations, including its collateral trust bonds
, medium-term notes and commercial paper.
Interstate Power and Light Company will have the flexibility to issue and sell from time to time preferred stock, senior unsecured debt securities and collateral trust bonds
The second mortgage bonds are rated the same as the first mortgage bonds and the first collateral trust bonds
due to the substantial value of the collateral available to creditors secured by first and second mortgage bonds.
The first collateral trust bonds
were issued in two series: $300 million with a 4.