Detroit Edison to price $68.5 million variable-rate limited obligation refunding revenue bonds

By Cristal Cody

Springdale, Ark., April 7 - The Detroit Edison Co. plans to price $68.5 million variable-rate limited obligation refunding revenue bonds, according to an official statement released Monday.

The series 2008DT bonds are due Dec. 1, 2036 and initially will bear interest at the weekly rate.

The bonds will price through the Michigan Strategic Fund.

KeyBanc Capital Markets will manage the negotiated sale.

Additional pricing terms were not available by press time.

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