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PacifiCorp to sell $250 million 10-year first mortgage bonds Tuesday
By Aleesia Forni
Virginia Beach, June 16 – PacifiCorp is in Tuesday’s market with a $250 million offering of first mortgage bonds (A1/A) due 2025, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
MUFG and Scotia Capital (USA) Inc. are the bookrunners.
Co-managers are Barclays, BNP Paribas Securities Corp., CIBC World Markets Corp., Mizuho Securities USA Inc., PNC Capital Markets LLC and SMBC Nikko.
The Portland, Ore.-based electric utility plans to use the proceeds to fund capital expenditures and for general corporate purposes.
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