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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PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
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