Alliant unit in Iowa selling USD-300m bond for wind

Wind park in Iowa. Author: Mark Evans. License: Attribution-NoDerivs 2.0 Generic

September 20 (Renewables Now) - Iowa utility Interstate Power and Light Company (IPL) Thursday said it will issue USD 300 million (EUR 271.5m) of green bonds to support wind energy investments.

More specifically, the company, part of Alliant Energy Corp (NYSE:LNT), is selling 3.500% senior debentures due in September 2049. Closing is expected on September 26, 2019.

IPL said an amount equal to or greater than the net proceeds will be or has already been invested in wind farm projects. 

JP Morgan Securities LLC, MUFG Securities Americas Inc, and Wells Fargo Securities LLC act as joint book-running managers. Comerica Securities Inc, Mischler Financial Group Inc, and The Williams Capital Group LP are co-managers.

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