Issuer:
|
Avista Corporation | ||||
Issue:
|
First Mortgage Bonds, 5.70% Series due 2037 | ||||
Ratings:
|
Aaa/AAA/AAA | ||||
Insurer:
|
XL Capital Assurance | ||||
Offering Size:
|
$150,000,000 | ||||
Coupon:
|
5.70% | ||||
Trade Date:
|
December 12, 2006 | ||||
Settlement Date:
|
December 15, 2006 (T+3) | ||||
Stated Maturity:
|
July 1, 2037 | ||||
Spread to Benchmark Treasury:
|
T+110 | ||||
Yield to Maturity:
|
5.71% | ||||
Benchmark Treasury Yield:
|
4.61% | ||||
Benchmark Treasury:
|
4.50% due February 2, 2036 | ||||
Initial Public Offering Price:
|
99.582% | ||||
Proceeds to Issuer (before expenses):
|
$148,465,500 | ||||
Optional Redemption:
|
Make-Whole Call, 20 bps spread over U.S. Treasuries | ||||
Interest Payment Dates:
|
Semi-annually in arrears on January 1 and July 1 of each year, commencing on July 1, 2007 | ||||
Sole Bookrunner:
|
Goldman, Sachs & Co. | ||||
Senior Lead Managers:
|
BNY Capital
Markets, Inc. KeyBanc Capital Markets, a Division of McDonald Investments Inc. |
||||
Co-Managers:
|
A.G. Edwards
& Sons, Inc. Banc of America Securities LLC |