Commonwealth Edison has raised $600 million in a sale of first mortgage bonds, Reuters reports. The company, a unit of Exelon, intends to use the proceeds to fund pension contributions and for general corporate purposes, which could include the repayment of outstanding debt securities. The electric utility company appointed Credit Suisse, JP Morgan and Morgan Stanley as the active joint bookrunning managers for the deal. The notes carry a coupon rate of 1.625% and are due to mature on Jan. 15, 2014.
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