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collateral trust bond |
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The first collateral trust bonds were issued in two series: $300 million with a 4. The new issue will be secured with a like amount of first mortgage bonds (FMBs) of PSCO, and thus will rank equally with all outstanding FMBs and collateral trust bonds (CTBs). 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. |
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