Consolidated Edison of New York to sell debentures in two parts

By Devika Patel

Knoxville, Tenn., Nov. 27 – Consolidated Edison Co. of New York, Inc. intends to bring a two-part offering of series 2018D and 2018E debentures to market, according to a 424B2 filed with the Securities and Exchange Commission.

Both tranches of debentures will have a make-whole call and then a par call.

BofA Merrill Lynch, Mizuho Securities USA Inc., MUFG, Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to redeem at maturity $600 million of the company’s series 2008C 7.125% debentures due Dec. 1, 2018 and for other general corporate purposes, including repayment of short-term debt.

The electric utility is a subsidiary of New York City-based Consolidated Edison, Inc.

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