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New Issue-Southern California Edison sells $400 mln bonds

Tue Aug 12, 2008 12:32am IST
 
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 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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