Edison International’s division, Southern California Edison (SCE), has sold $500 million of first and refunding mortgage notes, The Wall Street Journal reports. The bonds, carrying a coupon rate of 3.87%, are due to mature on May 1, 2021.
Previously, the deal was planned to be worth $400 million. Blaylock Robert Van, Credit Suisse, RBS, Bank of New York and Guzman were the joint book-runners for the transaction.
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