Northern States Power Company (NSP), later Xcel Energy, was a major electric and natural gas utility serving Minnesota, North Dakota, South Dakota, and Wisconsin.
This analysis details the characteristics of a specific fixed-income instrument, namely a bond issued by Northern States Power, identified by ISIN US665772CH05 and CUSIP 665772CH0. Northern States Power, a prominent electric and natural gas utility operating within the regulated energy sector across several U.S. states and a key subsidiary of Xcel Energy, holds a foundational role in providing essential infrastructure services, typically under stable revenue models due to its regulated nature. The bond, denominated in U.S. Dollars (USD), featured a coupon rate of 2.15% and represented a total issuance size of $300,000,000, with a minimum investment threshold set at $1,000. Interest payments were disbursed semi-annually, providing regular income to investors. The instrument reached its maturity date on August 14, 2022, and has since been fully repaid at its par value, consistent with its market price of 100% at the time of redemption, signifying a successful conclusion for bondholders. The credit quality of this issuance was affirmed by reputable rating agencies: Standard & Poor's (S&P) assigned an 'A' rating, while Moody's rated it 'Aa3', both categorizations reflecting strong investment-grade status and Northern States Power's robust capacity to fulfill its financial obligations.
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US665772CH05 ( in USD )
