New Issue-Southern California Edison sells $400 mln bonds
Aug 11 (Reuters) - Southern California Edison Co, a unit of Edison International (EIX.N: Quote, Profile, Research), on Monday sold $400 million in 10-year first mortgage bonds, said IFR, a Thomson Reuters publication.
The size of the deal was increased from an originally planned $300 million.
Credit Suisse, Merrill Lynch, and RBS Greenwich Capital were the joint book-running managers for the sale. BORROWER: SOUTHERN CALIFORNIA EDISON CO AMT $400 MLN COUPON 5.50 PCT MATURITY 8/15/2018 TYPE 1ST MTG BDS ISS PRICE 99.432 FIRST PAY 2/15/2009 MOODY'S A2 YIELD 5.575 PCT SETTLEMENT 8/18/2008 S&P SINGLE-A SPREAD 155 BPS PAY FREQ SEMI-ANNUAL FITCH A-PLUS MORE THAN TREAS NON-CALLABLE
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