Alliant's Wisconsin unit issues USD-300m green bond

US utility Alliant Energy Corp’s (NASDAQ:LNT) subsidiary Wisconsin Power and Light Company (WPL) has completed a USD-300-million (EUR 277.4m) green bond offering, with the proceeds to be used for the development and acquisition of solar electric generating units.

WPL has priced a public offering of 5.375% debentures set to mature on March 30, 2034. The transaction is expected to close on March 7, Alliant said in a statement on Monday.

BofA Securities Inc, Mizuho Securities USA LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC were hired as book-running managers, while Siebert Williams Shank & Co LLC and US Bancorp Investments Inc serve as co-managers.

Alliant Energy is the parent company of two public utility companies, WPL and Interstate Power and Light Company, serving about one million electric and 425,000 natural gas customers.

(USD 1 = EUR 0.925)

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