Do More With Reuters
Partner Services

New Issue-Southern California Edison sells $400 mln bonds

Tue Aug 12, 2008 12:32am IST
 
Email | Print | | Single Page
[-] Text [+]
 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        

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage