South Carolina Electric & Gas Company Announces Debt Offering of $100M

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.
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