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Narragansett Electric markets dollar-denominated notes
By Cristal Cody
Tupelo, Miss., July 24 – Narragansett Electric Co. (A3/A-) plans to price dollar-denominated notes in a Rule 144A and Regulation S offering, according to a market source.
The company began fixed income investor calls on Monday for the issue.
Barclays, Morgan Stanley & Co. LLC and MUFG are the bookrunners.
Narragansett Electric, a subsidiary of National Grid USA Service Co., Inc., is an electric and gas company based in Providence, R.I.
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