Commonwealth Edison readies sale of two first mortgage bonds

Chicago, March 8 – Commonwealth Edison Co. (ComEd) is preparing to offer two series of first mortgage bonds, according to a 424B2 filing with the Securities and Exchange Commission.

A series 132 offer will be due 2032 and a series 133 offer will mature in 2052.

There will be optional make-whole calls and then par calls.

BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc. are leading the sale.

Credit Agricole Securities (USA) Inc. and Credit Suisse Securities (USA) LLC are also listed as joint bookrunners.

Huntington Securities Inc. and M&T Securities, Inc. are senior managers.

Sidley Austin LLP is working as counsel to the issuer. Winston & Strawn LLP is advising the bookrunners.

Proceeds will be used to repay outstanding commercial paper and for general corporate purposes.

ComEd is a unit of Chicago-based energy provider Exelon Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.