South Carolina Electric & Gas Company principal subsidiary of SCANA Corporation SCG, announced today that it sold, in a negotiated offering, $100 million principal amount of its First Mortgage Bonds, 5.450% Series due February 1, 2041 which are a part of a series of bonds having identical terms that SCE&G previously sold in January 2011. The bonds sold today were priced to SCE&G at 101.924 percent, and are initially being offered to the public at 102.799 percent with a yield to maturity of 5.262 percent. J.P. Morgan Securities LLC and Mizuho Securities USA Inc. acted as joint book-running managers, and Credit Suisse Securities LLC, Deutsche Bank Securities Inc. and U.S. Bancorp Investments, Inc., acted as co-managers for the transaction.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in