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San Diego Gas & Electric to sell 10-year first mortgage bonds
By Devika Patel
Knoxville, Tenn., Sept. 22 – San Diego Gas & Electric Co. expects to price first mortgage bonds, series VVV, due 2030, according to a 424B5 filed with the Securities and Exchange Commission.
The bonds feature a make-whole call and then a par call.
Barclays, BNP Paribas Securities Corp., BofA Securities Inc., MUFG, PNC Capital Markets LLC and Great Pacific Securities are the bookrunners.
Proceeds will be used for general corporate purposes, including debt repayment.
The San Diego-based gas and electric utility is a subsidiary of Sempra Energy.
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