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Virginia Electric offers senior notes due 2028 via three bookrunners
By Devika Patel
Knoxville, Tenn., March 20 – Virginia Electric and Power Co. expects to price fixed-rate 2018 series A senior notes due April 1, 2028, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call until Jan. 1, 2028 and then a par call.
BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and U.S. Bancorp Investments Inc. are the bookrunners.
Proceeds will be used for general corporate purposes and to repay short-term debt.
The electric utility is based in Richmond, Va.
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