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Published on 2/11/2019 in the Prospect News Investment Grade Daily.

Commonwealth Edison offers first mortgage bonds due 2049

By Devika Patel

Knoxville, Tenn., Feb. 11 – Commonwealth Edison Co. offered first mortgage bonds, series 126, due March 1, 2049, according to a 424B2 filing with the Securities and Exchange Commission.

The bonds feature a make-whole call until Sept. 1, 2048 and then a par call.

Barclays, MUFG, U.S. Bancorp Investments Inc., CIBC Capital Markets, Credit Agricole CIB and SMBC Nikko are the bookrunners. BNY Mellon Capital Markets LLC is the senior co-manager.

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

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


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