Electric Transmission Texas, a repeat issuer, last tapped the private placement market in June, 2011.
The issuer, viewed as an NAIC-2 type credit, seeks maturities on the 12-year to 30-year part of the curve.
Bank of America Merrill Lynch and U.S. Bank are agenting the deal for the bio/pharmaceutical company.
The European NAIC-2 issuer seeks maturities from five to 15 years.
The 17-time National Basketball Association champion and NAIC-2 issuer printed two small transactions, which agent Morgan Stanley showed to a small group of investors.