Columbia-based energy company, South Carolina Electric & Gas, has raised a total of $250 million in a sale of first mortgage bonds, Reuters reports. The notes which carry a coupon rate of 5.45%, will mature on Feb. 1, 2041. The securities were priced at 99.63 to spread a yield of 5.47%. The joint book-running managers for the sale were Bank of America Merrill Lynch, BB&T, Credit Suisse, and TD Bank.
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