New York State Electric & Gas Corporation
| Company Deal | issuance, sale, and delivery of $75,000,000 principal amount of first mortgage bonds 9 3/8% series due March 1, 2005, and 1,200,000 shares of common stock |
|---|---|
| Transaction Type | First Mortgage Bonds / Common Stock |
| Deal Description | New York State Electric & Gas Corporation used the net proceeds from this transaction for the repayment of all or a portion of unsecured notes and commercial paper outstanding. The proceeds of such borrowings were used for the company's construction program. |