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Southern California Gas to sell first mortgage bonds due 2050
By Devika Patel
Knoxville, Tenn., May 30 – Southern California Gas Co. expects to price dollar-denominated first mortgage bonds, series WW, due 2050, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
Credit Agricole CIB, Goldman Sachs & Co. LLC, MUFG and Santander Investment Securities Inc. are the bookrunners. Great Pacific Securities is the co-manager.
Proceeds will be used to repay commercial paper and for other general corporate purposes.
The natural gas distributor is based in Los Angeles.
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