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San Diego Gas & Electric to price $390 million first mortgage bonds due 2017, 2022
By Aleesia Forni
Virginia Beach, March 9 – San Diego Gas & Electric Co. intends to price $390 million of first mortgage bonds in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.
The sale will include $140 million of floating-rate first mortgage bonds, series OOO, due 2017.
A second tranche is $250 million of amortizing first mortgage bonds, series PPP, due 2022.
Citigroup Global Markets Inc., MUFG, RBC Capital Markets LLC and Williams Capital Group LP are the bookrunners.
Academy Securities and Siebert Brandford Shank & Co., LLC are the co-managers.
Proceeds will be used to repay outstanding commercial paper and for other general corporate purposes.
The public utility serves San Diego and southern Orange counties.
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