Southern California Gas pricing $500 million 10-year bonds Monday

By Aleesia Forni

Virginia Beach, Sept. 8 – Southern California Gas Co. is in Monday’s market with a $500 million offering of 10-year first mortgage bonds, series PP, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

BNP Paribas Securities Corp., BofA Merrill Lynch, Ramirez & Co. Inc. and UBS Securities LLC are the bookrunners.

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

The natural gas distributor is based in Los Angeles.

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