Southern California Edison eyeing $300 million one-year mortgage bonds

By Aleesia Forni

Virginia Beach, Jan. 22 - Southern California Edison Co. is planning to sell $300 million of floating-rate first and refunding mortgage bonds, series 2014A, due January 2015, according to a market source and a 424B5 filed with the Securities and Exchange Commission on Wednesday.

Citigroup Global Markets Inc. and U.S. Bancorp Investments Inc. are the joint bookrunners.

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

The electric utility is based in Rosemead, Calif.

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